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 going to test closest support
2019-11-11 • Updated
The last bullish "Flag" pattern has been broken, so the pair faced with resistance at 1.4069. Also, there's a "V-Top" pattern, so the price is consolidating. Nevertheless, the market is likely going to reach the next resistance at 1.4069 - 1.4144.
There' a "V-Top" pattern, so the pair is likely going to test the closest support at 1.3996 - 1.3979. Meanwhile, if a pullback from these levels happens afterwards, there'll be a moment to have a bullish price movement towards another resistance at 1.4069 - 1.4144.
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.
This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
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