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 test nearest resistance
2019-11-11 • Updated
The main trend is still bullish, so we should keep on track the next resistance at 1.4314 - 1.4344 as an intraday target. If we see a pullback from these levels, bears are likely going to achieve the closest support at 1.4217 - 1.4199.
There's a new local high. It's likely that the pair is going to test the nearest resistance at 1.4314 - 1.4344, which could be a starting point for a decline towards another support at 1.4217 - 1.4199.
Similar
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.
Latest news
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
Bearish scenario: Sell below 2200 / 2194 ... Nearest bullish scenario: Buy above 2197... Bullish scenario after retracement: Consider buys around each indicated demand zone