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 to continue declining
2019-11-11 • Updated
The low of the last 'Double Bottom' pattern has been broken. The main intraday target is the next support at 1.2844 - 1.2828. A pullback from this area could be a starting point for an upward correction in the direction of the nearest support at 1.2930 - 1.2953.
There's a 'V-Top' pattern, so the pair is likely going to reach the closest support at 1.2870 - 1.2844 within the next few hours. At the same time, if we have a pullback from these levels, there'll be a green light for a bullish correction to 1.2923 - 1.2953.
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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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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
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