Forex Signal For GBP/USD: Extremely High Above 1,2320.
Forex Signal For GBP/USD: Extremely High Above 1,2320.
The pair will remain in that range on Monday as the upcoming US housing and consumer confidence data is watched by investors.
Bull Market Outlook
- Take a buy stop at 1,2320 and a profit at 1,2400.
- Add a stop-loss at 1,2220.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Extremely High Above 1,2320.
Bear Market Outlook
- Take a sell stop at 1,2250 and a profit at 1,2165.
- Set a stop-loss at 1,2320.
The GBP/USD price moved sideways last week despite the UK economy facing serious headwinds and remained in a narrow range after the Fed Chairman’s testimony to Congress and the Senate.
It is trading at 1,2275, where it has been for the past few days.
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