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 test 34 Moving Average
2019-11-11 • Updated
There's a local bullish 'Double Bottom', so the price is consolidating. At the same time, if a pullback from the closest resistance at 1.3656 - 1.3711 happens afterwards, bears are likely going to test the next support at 1.3612 - 1.3549.
We're likely going to have an upward correction because of the last 'Double Bottom' pattern. So, we should keep an eye on the 34 Moving Average as an intraday bullish target.
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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