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 reversed from resistance zone
2019-11-11 • Updated
- GBP/USD reversed from resistance zone
- Next sell target - 1.3890
GBP/USD recently reversed down from the resistance zone lying between the resistance level 1.4280, upper resistance trendline of the daily up channel from August and the upper daily Bollinger Band. The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Shooting Star – which marked the start of the active correction (iv). GBP/USD is expected to fall to the next sell target at the next support level 1.3890.
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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