Forex Signal For GBP/USD: Facing Wind GBP Recovery
Forex Signal For GBP/USD: Facing Wind GBP Recovery
The GBP/USD duo may continue to decline today as the market reflects new sanctions and a higher inflation rate in Europe and the US.
Bear Market View
- Sell GBP/USD and set to receive a profit at 1,3250.
- Add loss stop at 1,344.
- Timeline: 1 day.
Forex Signal For GBP/USD: Facing Wind GBP Recovery
Bull Market View
- Stop a purchase at 1,3400 and set a profit at 1,3500.
- Add a stop loss at 1,3300.
The pair also lost a few pounds/US dollars on Monday morning as investors discussed the European downturn and Western governments' actions in Russia, as they traded at last week's high of 1,3350 — the highest score.
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