Trade ideas for March 28 - April 1
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: 'Thorn' pattern led to consolidation
2019-11-11 • Updated
The price is consolidating because of the last 'Thorn' pattern. Even so, we should keep an eye on the nearest resistance at 1.3081 - 1.3102 as the next bullish target. A pullback from this level could be a starting point for a decline towards 1.3027 - 1.2982.
The market is consolidating under the 34 Moving Average. It's likely that the pair is going to test the closest support at 1.3027 - 1.3006. If a pullback from these levels happens next, there'll be a moment to have another bullish price movement.
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