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' pushed the price higher
2019-11-11 • Updated
The pair is consolidating under the Moving Averages. It's likely that the price is going to test the next resistance at 1.3216. If we have a pullback from this level, there'll be a moment for a decline towards the nearest support at 1.3143 - 1.3101.
The last 'Pennant' pushed the price higher. Meanwhile, it's likely to have a correction in the short term. So, we should keep an eye on the nearest support at 1.3127 as a possible starting point for another bullish rally.
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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