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: 'Three Black Crows' pattern
2019-11-11 • Updated
There's a bearish 'Harami', which has been confirmed by the last 'Three Black Crows' pattern. So, it's likely that the pair is going to test the lower 'Window' and the 55 Moving Average. The subsequent pullback from these levels could lead to another upward price movement in the direction of the next resistance at 1.3521.
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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Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!