Forex Signal For GBP/USD: A Short Pullback Expected With High Probability.
Forex Signal For GBP/USD: A Short Pullback Expected With High Probability.
The GBP/USD pair has been showing a strong bullish trend for the past few days.
Bear Market Outlook
- Take a sell stop at 1,1150 and a profit at 1,100.
- Add a stop-loss at 1,1350.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: A Short Pullback Expected With High Probability.
Bull Market Outlook
- Set a buy stop at 1,1325 and a take profit at 1,1420.
- Add a stop-loss at 1,1250.
GBP/USD started the month well, hitting 1,1340, the highest since Sept. 22, as investors reacted to the new policies of Lizz Truss and Kwasi Kwarteng.
It's up more than 8% from this year's low.
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