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: two bearish "Thorn" patterns
2019-11-11 • Updated
There's a "Double Top" pattern, which has been formed on the Moving Averages. So, we should keep an eye on the nearest support at 1.3856 - 1.3799 as the next bearish target. If a pullback from this area happens, we could have another upward price movement.
We've got two bearish "Thorn" patterns on the one-hour chart. Therefore, there's an opportunity to have a downward correction towards the closest support area at 1.3816 - 1.3799 in the short term.
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Discover the outlook for EUR/USD, EUR/GBP, and GBP/USD.
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