GBP/USD: three bullish "Thorns" in a row

GBP/USD: three bullish "Thorns" in a row

2019-11-11 • Updated


There are three bullish "Thorn" patterns in a row, so the price is rising. The main intraday target is the next resistance at 1.3336 - 1.3370. If a pullback from these levels happens little later on, there'll be an option to have a decline in the direction of the nearest support at 1.3298 - 1.3278.


There's a "Triangle" pattern, which upper side has been broken, so the price is still rising. It's likely to have a bearish correction in the short term. However, if we have a pullback from the closest support at 1.3298 - 1.3278, we could have just another bullish rally.


Trade ideas for March 28 - April 1
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 Near Supply Zone
GBP/USD Near Supply Zone

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.

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