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Forex Signal For GBP/USD: Continuing to Approach Overbought Levels.

Forex Signal For GBP/USD: Continuing to Approach Overbought Levels. Forex Signal For GBP/USD: Continuing to Approach Overbought Levels.

Forex Signal For GBP/USD: Continuing to Approach Overbought Levels.
Yazar: Ross Sutton

Yayınlanma: 8 Kasım 2022 16:45

Güncellenme: 24 Nisan 2024 00:29

Forex Signal For GBP/USD: Continuing to Approach Overbought Levels.

    Forex Signal For GBP/USD: Continuing to Approach Overbought Levels.   The weakness of the dollar is the main reason for the midterm elections scheduled for Tuesday in the USA.  

Bull Market Outlook

 
  • Buy the GBP/USD pair and take a profit at 1,1650.
  • Set a stop-loss at 1,1585.
  • Timetable: 1-2 days.
 

Forex Signal For GBP/USD: Continuing to Approach Overbought Levels.

 

Bear Market Outlook

 
  • Take a sell stop at 1,1460 and a profit at 1,1380.
  • Add a stop-loss at 1,1550.
  GBP/USD price continued to rise on Tuesday morning as the US dollar continued to pull back to 1,1536, its highest point since November 2. Sterling jumps more than 5% from this year's low   gbpusd_08112022_cryspus  

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