Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
GBP/USD: pair between the Moving Averages
2019-11-11 • Updated
The price is declining because of the last 'Double Top' pattern. The main intraday target is the next support at 1.2880 - 1.2844. Meanwhile, if a pullback from this level happens next, there'll be a moment to have a bullish price movement in the direction of the next resistance at 1.2974 - 1.2999.
All the Moving Averages have been broken. Also, there's a 'Breakaway Gap', but it's time for an upward correction. In this case, we should keep an eye on the nearest resistance at 1.2957 - 1.2974 as an intraday target. If we have a pullback from this level, bears will probably try to test another support at 1.2880 - 1.2844.
GBP/USD has managed to rise for the third trading day in a row including today’s Asian session, while the daily technical indicators are moving higher gradually.
Discover the outlook for EUR/USD, EUR/GBP, and GBP/USD.
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