Forex Signal For GBP/USD: Negativity Is Increasing Ahead Of The Jackson Hole Symposium.
Forex Signal For GBP/USD: Negativity Is Increasing Ahead Of The Jackson Hole Symposium.
The pair is likely to continue its downtrend as long as the sellers aim the initial support of the pivot point at 1,1700.
Bear Market Outlook
- Sell the GBP/USD pair and take profit at 1,1700.
- Add a stop-loss at 1,1850.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Negativity Is Increasing Ahead Of The Jackson Hole Symposium.
Bull Market Outlook
- Set a buy stop at 1,1840 and a take profit at 1,1900.
- Add a stop-loss at 1,1750.
The GBP/USD currency pair was in a tight range on Thursday morning as market participants await comments from Jerome Powell and Andrew Bailey at the Jackson Hole Symposium and traded at 1,1795, just above the week's low of 1,1720.
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