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 reached buy target 1.3270
2019-11-11 • Updated
- GBP/USD reached buy target 1.3270
- Next buy target - 1.3400
GBP/USD continues to rise after the earlier breakout of the resistance level 1.3270 (which stopped the previous minor impulse wave 1 and which was set as the buy target in our previous forecast for this currency pair). The breakout of this resistance level should accelerate the active minor impulse wave (iii) – which belongs to the impulse wave 3 of the intermediate impulse wave (3) from June. GBP/USD is expected to rise to the next buy target at the next resistance level 1.3400 (intersecting with the daily up channel from April).
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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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