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 rising inside minor corrective wave (ii)
2019-11-11 • Updated
- GBP/USD rising inside minor corrective wave (ii)
- Next buy target - 1.4270
GBP/USD continues to rise inside the minor corrective wave (ii), which broke earlier through the resistance trendline of the daily down channel from the end of January. The breakout of this down channel should strengthen the bullish pressure on this currency pair in the coming trading sessions. GBP/USD is likely to rise further toward the next buy target at the next resistance level 1.4270 (which reversed the price in February).
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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