Forex Signal For GBP/USD: Bullish Breakout Ahead of Extremely Hectic Week
Forex Signal For GBP/USD: Bullish Breakout Ahead of Extremely Hectic Week
The
GBP/USD pair has seen some rebounds in the past few days.
Bull Market View
- Set a buy stop at 1,1640 and a take profit at 1,1760.
- Add a stop-loss at 1,1500.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Bullish Breakout Ahead of Extremely Hectic Week
Bear Market Outlook
- Take a sell stop at 1,1545 and a profit at 1,1400.
- Add a stop-loss at 1,1650.
The GBP/USD price rose to 1,1645 — the highest level since Friday (August 31st) — as the focus rose to significant economic data from the United States and the United Kingdom.
The price was just a few pins above the lowest point of this month.
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