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.
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