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Forex Signal For GBP/USD: GBP Breaking Key Support Not Showing Bottom Sign

Forex Signal For GBP/USD: GBP Breaking Key Support Not Showing Bottom Sign Forex Signal For GBP/USD: GBP Breaking Key Support Not Showing

Forex Signal For GBP/USD: GBP Breaking Key Support Not Showing Bottom Sign
Yazar: Ross Sutton

Yayınlanma: 7 Temmuz 2022 15:35

Güncellenme: 15 Kasım 2024 18:04

Forex Signal For GBP/USD: GBP Breaking Key Support Not Showing Bottom Sign

      Forex Signal For GBP/USD: GBP Breaking Key Support Not Showing Bottom Sign   The pair is likely to continue lower as bears target second support at 1,1780  

Bear Market Outlook

 
  • Sell ​​the GBP/USD pair and take a profit at 1,1780.
  • Add a stop-loss at 1,2050.
  • Timetable: 1-2 days.
 

Forex Signal For GBP/USD: GBP Breaking Key Support Not Showing Bottom Sign

 

Bull Market Outlook

 
  • Set a buy stop at 1,2000 and a take profit at 1,2100.
  • Add a stop-loss at 1,1945.
The GBP/USD pair fell to its lowest level since April 2020 to 1,1878, roughly 6% below its May high, as the political crisis in the UK escalated and the Fed came more hawkish.   gbpusd-crispus-07072022  

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