Forex Signal For GBP/USD: It'S Expected To Move Under 1,300 Likely.
Forex Signal For GBP/USD: It'S Expected To Move Under 1,300 Likely.
The parity is likely to indicate a downward trend as the bears are aiming for the next lock support at 1,2950.
Bear Market View
- Set sales stop at 1,3000 and profit at 1,2900.
- Add a stop-loss to 1,3060.
- Timeline: 1-2 days.
Forex Signal For GBP/USD: It'S Expected To Move Under 1,300 Likely.
Bull Market View
- One buy-stop at 1,3025 and a profit at 1,3100.
- Add a stop-loss to 1,2950.
GBP/USD price remains close to its lowest level this month as the strength of the US dollar continues, trading at 1,300, slightly above 1,2976 last week's low.
It's down almost 1% from its highest level this month.
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