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 decline
2019-11-11 • Updated
The last 'V-Top' pattern led to the current decline. It's likely that the market is going to test the nearest support at 1.3763 - 1.3739, which could be a starting point for a bullish correction.
The 34 Moving Average has acted as resistance, so the price is declining. It's likely that the market is going to continue declining until any bullish pattern forms.
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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