Since July, the movement of GBP/USD has been contained between 1.27 and 1.34. At the beginning of September, the GBP reached a high of 1.34 against the USD while the stock market was seeing its new highest high, and things seemed pretty fine around.
GBP/USD: 'Triangle' has been broken
2019-11-11 • Updated
The last 'Triangle' has been broken, so the price is rising. It's likely that the market is going to test the next resistance at 1.3090 - 1.3110 soon. A pullback from this area could be a starting point for a correction.
It's likely to have a local bearish correction towards the nearest support at 1.2999. If a pullback from this level happens little later on, there'll be a moment to have a bullish price movement towards the next resistance at 1.3070 - 1.3090.
EU's von der Leyen supports that EU team will go to London next week to 'intensify' negotiations
How do we trade EUR/GBP today? All the same, but watch for reversal signs against the existing downtrend.
The Kiwi has been losing value against the US dollar. Where does it go?
CHF/JPY retraced 61.8% of its August-September decline, corrected down, formed a higher low above the 100-day MA and now seems eager to rise to the 78.6% Fibonacci level at 116.90.
European stock markets are seen opening a little lower Tuesday, weighed by weakness on Wall Street as time begins to run out on a new U.S. stimulus package