Forex Signal For GBP/USD: Double Tops Appear to Deeper Pullback.
Forex Signal For GBP/USD: Double Tops Appear to Deeper Pullback.
The
GBP/USD pair showed a mild reaction after the conservatives chose Rishi Sunak as their new prime minister.
Bear Market Outlook
- Sell the GBP/USD pair and take profit at 1,1063.
- Add a stop-loss at 1,1500.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Double Tops Appear to Deeper Pullback.
Bull Market Outlook
- Buy the GBP/USD pair and take a profit at 1,1500.
- Add a stop-loss at 1,1150.
GBP/USD traded sideways at 1,1292, just below last Friday's high of 1,1406, as investors welcome new developments from the UK.
This price is a few points below this month's high of 1,1500.
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