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: '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.
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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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