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 the nearest support
2019-11-11 • Updated
There's a 'V-Top' pattern, so the pair is likely going to test the nearest support at 1.2706 - 1.2695 in the coming hours. If a pullback from this area happens next, there'll be a moment for another bullish price movement, so we should watch the next resistance at 1.2796 - 1.2814 as an intraday target.
We've got a local 'Triple Top' pattern, so the price is declining. It's likely that the pair is going to achieve the previously tested support at 1.2706 - 1.2695. The subsequent pullback from these levels could be a starting point for another advance.
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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