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: 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.
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