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Forex Signal For GBP/USD: Forms Double Top Ahead of UK CPI Data

Forex Signal For GBP/USD: Forms Double Top Ahead of UK CPI Data Forex Signal For GBP/USD: Forms Double Top Ahead of UK CPI Data

Forex Signal For GBP/USD: Forms Double Top Ahead of UK CPI Data
Yazar: Ross Sutton

Yayınlanma: 19 Ekim 2022 17:31

Güncellenme: 24 Kasım 2024 11:54

Forex Signal For GBP/USD: Forms Double Top Ahead of UK CPI Data

    Forex Signal For GBP/USD: Forms Double Top Ahead of UK CPI Data   GBP/USD is also reacting to the political situation in the UK, with recent survey data showing Lizz Truss has a 10% approval rating.  

Bear Market View

 
  • Sell ​​the GBP/USD pair and take a profit at 1,1100.
  • Add a stop-loss at 1,1400.
  • Timetable: 1-2 days.
 

Forex Signal For GBP/USD: Forms Double Top Ahead of UK CPI Data

 

Bull Market Outlook

 
  • Set a buy stop at 1,1380 and a take profit at 1,1450.
  • Add a stop-loss at 1,1280.
  GBP/USD continued to consolidate with the market pending UK consumer inflation data, which traded at 1,1300 on Wednesday morning and traded below this month's high of 1,1500.   gbpusd_19102022_cryspus    

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