Forex Signal For GBP/USD: Continuing the Pound Rise Trend
Forex Signal For GBP/USD: Continuing the Pound Rise Trend
The pair will likely keep rising, with the next main resistance level at 1,2640.
Bull Market Look
- Buy GBP/USD pair and set profit at 1,2640.
- Add stop loss to 1,2450.
- Timeline: 1-2 days.
Forex Signal For GBP/USD: Continuing the Pound Rise Trend
Bear Market View
- Stop selling at 1,2496 and set profit at 1,2400.
- Add a stop-loss to 1,250.
The GBP/USD pair is holding steady at 1,2530, roughly 3% above this year's low, as the US dollar maintains its bearish momentum.
This price action reflects the EUR/USD and AUD/USD pairs.
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