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Forex Signal For GBP/USD: Biased Neutral Outlook in Bear Market

Forex Signal For GBP/USD: Biased Neutral Outlook in Bear Market Forex Signal For GBP/USD: Biased Neutral Outlook in Bear Market

Forex Signal For GBP/USD: Biased Neutral Outlook in Bear Market
Yazar: Ross Sutton

Yayınlanma: 12 Mayıs 2022 12:48

Güncellenme: 28 Mart 2024 11:04

Forex Signal For GBP/USD: Biased Neutral Outlook in Bear Market

    Forex Signal For GBP/USD: Biased Neutral Outlook in Bear Market The outlook for the pair is neutral with a bearish bias.  

Bear Market View

 
  • Set a sell stop at 1,265 and take a profit of 1,2180.
  • Add stop loss at 1,2400.
  • Timeline: 1-2 days.
 

Forex Signal For GBP/USD: Biased Neutral Outlook in Bear Market

 

Bull Market Look

 
  • Buy for 1,2350 and set a profit at 1,2425.
  • Add stop loss to 1,280.
    The GBP/USD pair is in the consolidation phase after better-than-expected US inflation data and ahead of UK GDP figures, trading at 1,2300, close to this month's low. The pair is down more than 6,5% from its April high.   gbpusd-crispus-12052022  

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