Forex Signal For GBP/USD: Increasing Key Points Will Reduce Breakage
Forex Signal For GBP/USD: Increasing Key Points Will Reduce Breakage
While the Relative Strength Index is rising, there is a possibility that the pair will show a bearish trend in the coming days.
Bear Market Outlook
- Sell the British pound/USD pair and make a profit over 1,3050.
- Add a stop-loss to 1,3250.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Increasing Key Points Will Reduce Breakage
Bull Market Outlook
- Buy-stop at 1,3200 and take profit at 1,3250.
- Add a stop-loss to 1,3150.
The British pound/US dollar pair has recently bounced back as it traded at 1,3178, slightly above the 1,3000 drop last week, as investors reacted to the BOE's and FED's rate decisions.
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