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: 'Pennant' pattern has been broken
2019-11-11 • Updated
The main trend is still bullish, but the pair is declining. However, if a pullback from the next support at 1.4009 happens in the coming hours, there'll be an opportunity for an upward price movement.
There's a 'Pennant' pattern, which has been broken. So, we should keep an eye on the nearest support area at 1.4009 as the next bearish target.
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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