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Forex Signal For GBP/USD: Bearish Momentum to Accelerate.

Forex Signal For GBP/USD: Bearish Momentum to Accelerate. Forex Signal For GBP/USD: Bearish Momentum to Accelerate.

Forex Signal For GBP/USD: Bearish Momentum to Accelerate.
Yazar: Ross Sutton

Yayınlanma: 1 Kasım 2021 13:27

Güncellenme: 12 Kasım 2024 00:59

Forex Signal For GBP/USD: Bearish Momentum to Accelerate.

  Forex Signal For GBP/USD: Bearish Momentum to Accelerate. The pair will likely continue to decline as the bears target the next key support level at 1,3600.  

Bear Market Outlook

 
  • Sell ​​GBP/USD and set a take profit at 1,3600.
  • Add a stop-loss at 1,3750.
  • Timetable: 1-2 days.
 

Forex Signal For GBP/USD: Bearish Momentum to Accelerate.

 

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 fell sharply on Friday after the US released strong inflation and consumer spending data the pair dropped to a two-week low of 1,3667, which is about 1,12% below the October high.   gbpusd-01112021  

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