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: support waiting for bears
2019-11-11 • Updated
The price faced support at 1.2865, but the market is likely going to continue falling down in the direction of the next support at 1.2843. If a pullback from this level forms afterwards, there'll be an option to have an upward price movement towards resistance at 1.2945 - 1.2964.
Bears meet support at 1.2865, so the price is consolidating. Anyway, the pair is likely going to achieve another support at 1.2843 - 1.2816 soon. If sellers are stopped here, bulls will probably try to deliver an upward correction in the direction of the closest resistance at 1.2926.
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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