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 last 'Pennant' pattern has been broken, so the price is declining. However, if a pullback from the closest support at 1.3656 happens little later on, there'll be time for an upward correction.
There's a new local low. It's likely that the pair is going to reach the next support at 1.3656, which could be a starting point for a bullish correction towards the closest resistance at 1.3739.
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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