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-Top' led to consolidation
2019-11-11 • Updated
The price is rising because of the last 'Thorn' pattern. It's likely that the pair is going to test the next resistance at 1.2877 - 1.2911. A pullback from these levels could lead to another decline.
The last 'V-Top' led to the current consolidation. So, the market is likely going to test the Moving Averages soon. These lines could be a departure point for another bullish rally towards the next resistance at 1.2877.
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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