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: 'V-Bottom' led to consolidation
2019-11-11 • Updated
The price is consolidating after a 'V-Bottom' was formed. It's likely that the 34 Moving Average is going to act as resistance. If so, there'll be a green light for another decline.
We've got a 'V-Bottom', so the market is going to test the 89 Moving Average. A pullback from this line could be a departure point for a bearish price movement.
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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