Forex Signal For GBP/USD: A Possible Pullback to 1,3600.
Forex Signal For GBP/USD: A Possible Pullback to 1,3600.
The pair is likely to continue its downtrend as sellers target support at 1,3600.
Bear Market Outlook
- Sell GBP/USD and take a profit at 1,3600.
- Add a stop-loss at 1,3750.
- Timetable: 1 day.
Forex Signal For GBP/USD: A Possible Pullback to 1,3600
Bull Market Outlook
- Set a buy-stop at 1,3700 and a take profit at 1,3800.
- Add a stop-loss at 1,3600.
GBP/USD is stable ahead of key UK economic data scheduled for this week as it tries to bounce back on Monday amid concerns over the Boris Johnson administration.
It is trading at 1,3680, just above last Friday's low of 1,3655.
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