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 rising above Moving Averages
2019-11-11 • Updated
The price is still rising above the Moving Averages. The main intraday target is the next resistance at 1.4344. If a pullback from this level happens afterwards, bears will probably try to test the closest support at 1.4206 - 1.4129.
Bulls faced with resistance at 1.4284, so the market is going to test the 89 Moving Average. This line could be a departure point for an upward price movement towards the next resistance at 1.4327 - 1.4344.
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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