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 to continue moving down
2019-11-11 • Updated
The market is consolidating between the levels 1.3471 - 1.3344. It's likely that the pair is going to continue moving down in the short term. The main intraday target is the next support at 1.3300 - 1.3253.
The last 'Double Top' pattern led to the current decline. All the Moving Averages have been broken. However, there's an opportunity to have an upward correction towards the closest resistance at 1.3344 - 1.3354.
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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