Forex Signal For GBP/USD: Drop Accelerates As It Hits Recovery Resistance.
Forex Signal For GBP/USD: Drop Accelerates As It Hits Recovery Resistance.
Most likely the pair will continue to decline as the Bear Market targets the next key support at 1,3360, last week's low.
Bear Market Outlook
- Sell GBP/USD and set a take profit at 1,3360.
- Add a stop-loss at 1,3500.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Drop Accelerates As It Hits Recovery Resistance.
Bull Market Outlook
- Set a buy-stop at 1,3435 and a take profit at 1,3500.
- Add a stop-loss at 1,3350.
GBP/USD fluctuated and traded at 1,3425, slightly higher than last week's low of 1,3355 as investors continue to ponder Sue Gray's report on Downing Street parties.
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