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.
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