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: price is testing 34 Moving Average
2019-11-11 • Updated
There's a 'V-Bottom', so the price is testing the 34 Moving Average. The main intraday target is the next resistance at 1.2935 - 1.2957. If a pullback from this area happens next, there'll be time for a decline towards 1.2851 - 1.2811.
We've got a 'Double Bottom', which has been confirmed enough. So, the market is likely going to continue moving up in the direction of another resistance at 1.2911 - 1.2957.
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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