Forex Signal For GBP/USD: Descent Slope Climbing 1,2450.
Forex Signal For GBP/USD: Descent Slope Climbing 1,2450.
The pair will likely continue to rise as the bull market targets the first resistance level at 1,2450.
Bull Market Outlook
- Buy GBP/USD and take a profit at 1,2450.
- Add a stop-loss at 1,2150.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Descent Slope Climbing 1,2450.
Bear Market Outlook
- Take a sell stop at 1,2170 and a profit at 1,2100.
- Add a stop-loss at 1,2250.
GBP/USD is trading at 1,2283, just above this week's low of 1,2162 as GBP/USD moved higher following the latest UK consumer price index data and Fed Chairman Jerome Powell's announcement.
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