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: bears broke "Triangle"
2023-11-24 • Updated
The last “Triangle” has been broken, so bears found a support at 1.2376. At the same time, we’ve got a “V-Bottom”, so the pair is likely going to test the 89 Moving Average. If a pullback from this line happens, there’ll be a chance to have a downward price movement in the direction of the next support at 1.2334 – 1.2323.
There’s a “V-Bottom” pattern, which has been confirmed. Under this circumstances, bulls are likely going to reach the closest resistance at 1.2418 – 1.2432. If a pullback from these levels be on the table, we should keep an eye on the closest support at 1.2334 – 1.2323 as an intraday target.
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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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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
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