Forex Signal For GBP/USD: Bullish Pump Likely to Hit 1,3600.
Forex Signal For GBP/USD: Bullish Pump Likely to Hit 1,3600.
The next level to watch for the pair is the 61,8% retracement level at 1,3600 as it rises its way to the lowest resistance.
Bull Market Outlook
- Buy the GBP/USD pair and take a profit at 1,3600.
- Add a stop-loss at 1,3400.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Bullish Pump Likely to Hit 1,3600.
Bear Market Outlook
- Sell GBP/USD and set take profit at 1,3400.
- Add a stop-loss at 1,3600.
The GBP/USD pair broke past key resistance on Wednesday as investors reflected on the rising US trade deficit and weak housing data. The pair rose to 1,3500, the highest level since November 19th.
It rose more than 2,50% from its December low.
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