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 reached buy target 1.3400
2019-11-11 • Updated
- GBP/USD reached buy target 1.3400
- Next buy target -1.3700
GBP/USD today broke sharply above the resistance zone lying between the resistance level 1.3400 (previous buy target) and the resistance trendline of the wide daily up channel from April, as can be seen below. The breakout of this resistance zone accelerated the active minor impulse wave 3, which belongs to the intermediate impulse wave (3) from the middle of June. GBP/USD is expected to rise to the next buy target at the next resistance level 1.3700.
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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