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 - 1.3350
GBP/USD recently reversed up from the combined support zone lying between the long-term support level 1.3070 (which has been reversing the price from last October) and the lower weekly Bollinger Band. This support zone has been reversing the pair for the last 5 weeks. GBP/USD is expected to rise further toward the next buy target at the next resistance 1.3350 (which reversed the price at the start of July).
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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