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 1.4000
2019-11-11 • Updated
- GBP/USD reached buy target 1.4000
- Next buy target - 1.4400
GBP/USD continues to rise after the earlier breakout of the resistance area lying between the round resistance level 1.4000 (previous buy target) and the resistance trendline of the wide daily up channel from June. The breakout of this resistance area accelerated the active impulse waves 3 and (iii) – which belong to the intermediate impulse wave (3) from October. GBP/USD is expected to rise to the next buy target at the next resistance level 1.4400.
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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