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: resistance waiting for bulls
2019-11-11 • Updated
Bulls faced resistance at 1.3013, so the pair is likely going to achieve the nearest support at 1.2976 - 1.2964. If a pullback from this area happens, we could have another bullish rally towards the next resistance at 1.3056.
There's a consolidation, which is taking place under resistance at 1.3013. Therefore, the market is likely going to test the nearest support at 1.2976 - 1.2964. Meanwhile, if a pullback from these levels happens, bulls will have a green light to test resistance at 1.3046 - 1.3056.
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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