GBP/USD: price consolidating under Moving Averages

GBP/USD: price consolidating under Moving Averages

2019-11-11 • Updated

26-6-2018-GBP-H4.png

The price is consolidating under the Moving Averages. It's likely that after a short break the pair is going to reach the next resistance at 1.3341 - 1.3353, which could be a departure point for a downward correction.

26-6-2018-GBP-H1.png

We've got a 'Double Bottom', which pushed the price a little bit higher. However, the market is likely going to test the closest support at 1.3272 - 1.3253 during the day. If we have a pullback from this area afterwards, there'll be a green light for an upward price movement in the direction of another resistance at 1.3314 - 1.3341.

Similar

Trade ideas for March 28 - April 1
Trade ideas for March 28 - April 1

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 Near Supply Zone
GBP/USD Near Supply Zone

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.

Latest news

AUD: Markets Prepare for RBA Rates Statement.
AUD: Markets Prepare for RBA Rates Statement.

The Reserve Bank of Australia (RBA) is widely anticipated to maintain its current interest rates at 4.35% following its two-day meeting concluding on Tuesday. Despite holding rates steady since December, the RBA has hinted at the possibility of further rate hikes due to persistently high inflation, which has exceeded its target range of 2% to 3%.

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera