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 zone
2019-11-11 • Updated
- GBP/USD reversed from support zone
- Next buy target - 1.3430
GBP/USD recently reversed up from the support zone lying between the long-term support level 1.3100 (which has been reversing the price from last October, as can be seen below) and the lower daily Bollinger Band. The upward reversal from this support zone stopped the previous minor impulse wave 3. GBP/USD is expected to rise further toward the next buy target at the next resistance level 1.3430 (top of the previous wave (2)).
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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