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' pattern led to decline
2019-11-11 • Updated
There's a 'V-Top', so the market is declining. It's likely that the pair is going to test the nearest support at 1.3143 - 1.3101 in the coming hours. A pullback from these levels could be a starting point for a bullish price movement towards the next resistance at 1.3203 - 1.3253.
The last 'Triple Top' pattern has been confirmed, so the price is testing the Moving Averages. At the same time, the pair is likely going to reach the closest support at 1.3126 - 1.3101 soon. If a pullback from this ara forms next, bulls will probably try to test another resistance at 1.3177 - 1.3213.
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.
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