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 nearest support
2019-11-11 • Updated
The main trend is still bullish, but the price is consolidating. Meanwhile, the pair is likely going to achieve the nearest support area between the levels 1.3765 - 1.3730. If a pullback from this area happens, there'll be a moment to have another bullish rally towards the next resistance at 1.3834 - 1.3913.
The price is consolidating between the levels 1.3843 - 1.3765. The main intraday target is the nearest support at 1.3765 - 1.3730. However, if we see a pullback from this area, bulls will probably try to reach another resistance at 1.3834 - 1.3913.
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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