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
The last "V-Top" pattern led to the current decline. However, the pair is likely going to test the 55 Moving Average. If a pullback from this line happens afterwards, there'll be a moment for another decline.
There's a "V-Bottom" pattern, so the market is likely going to test the Moving Averages. Meanwhile, if we have a pullback from these lines, bears will probably try to reach the next support at 1.3835 - 1.3799.
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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