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: resistance waiting for bulls
2019-11-11 • Updated
The price is consolidating above the broken trendline. It seems like bulls are ready to go even higher, so we should keep an eye on the next resistance at 1.2976 - 1.3013 as an intraday target. If a pullback from this area happens, there'll be an option to have a decline in the direction of the nearest support at 1.2976 - 1.2887.
Bulls faced resistance at 1.2976, so the price is consolidating. Nevertheless, the pair is likely going to continue moving up towards the next resistance at 1.3013, which could be a departure point for a local decline.
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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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