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 'V-Bottom' patterns in a row
2019-11-11 • Updated
The pair is consolidating under the local downtrend line. The main intraday target is the next support at 1.3493 - 1.3457. If we have a pullback from this area, bulls will probably try to deliver an upward correction.
There're two 'V-Bottom' patterns in a row, so the market is likely going to test the 55 Moving Average in the coming hours. If this line acts as resistance, there'll be a moment to have another decline.
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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