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 next resistance
2019-11-11 • Updated
Bulls faced with resistance at 1.3344, so there's a 'V-Top' pattern. Nevertheless, the pair is going to test the next resistance at 1.3380 in the short term. If we see a pullback from this level, there'll be time for another decline.
We've got a 'V-Bottom', so the market is going to reach the nearest resistance at 1.3363 - 1.3377 in the short term. Even so, if a pullback from this area happens next, bears will probably try to deliver a decline towards the last low.
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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