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' pushed the price higher
2019-11-11 • Updated
There's a 'Triangle', which pushed the price higher. It's likely that the market is going to test the next resistance at 1.3143 - 1.3172. This area could be a departure point for a decline towards the closest support at 1.3047 - 1.3032.
It seems like there's a 'Pennant' pattern, so the price is likely going to reach another resistance at 1.3143 - 1.3172. If a pullback from these levels happens next, there'll be a moment to have a bearish correction to the area at 1.3102 - 1.3081.
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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