Forex Signal For GBP/USD: Bullish Breakout on Reverse H&S Peak Pattern Signals
Forex Signal For GBP/USD: Bullish Breakout on Reverse H&S Peak Pattern Signals
The pair is likely to rise in the coming days as traders await the latest FOMC decision.
Bull Market Outlook
- Set a buy stop at 1,2070 and a take profit at 1,2150.
- Add a stop-loss at 1,2000.
- Timetable: 1 day.
Forex Signal For GBP/USD: Bullish Breakout on Reverse H&S Peak Pattern Signals
Bear Market Outlook
- Stop a sell at 1,1990 and take a profit at 1,1900.
- Add a stop-loss at 1,2050.
GBP/USD was trading at 1,2000 Monday morning and just below last week's 1,2072 as GBP/USD price plummeted after a weekend of chaos in Dover and investors await the upcoming Fed rate decision.
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