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: "Triple Bottom"
2019-11-11 • Updated
Bulls faced with resistance at 1.3943, but the price is likely going to continue moving up. The main intraday target is the next resistance at 1.4011. If a pullback from this level forms afterwards, bears will probably try to test the closest support at 1.3913 - 1.3834.
There's a "Triple Bottom", so the pair is likely going to achieve the nearest resistance at 1.3942 - 1.4011 in the coming hours. Meanwhile, if we see a pullback from these levels, there'll be an opportunity to have a decline in the direction of another support at 1.3913 - 1.3834.
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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