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 support area
2019-11-11 • Updated
- GBP/USD reversed from support area
- Next buy target - 1.3100
GBP/USD recently reversed up from the support area located between the support level 1.2960 (former resistance level which stopped the previous minor correction (b) at the start of July, as can be seen below) and the 38.2% Fibonacci correction of the previous sharp upward impulse from the middle of June. GBP/USD is expected to rise to the next buy target at the next resistance level 1.3100 (which reversed the price sharply earlier this month).
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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