Forex Signal For GBP/USD: No Basis for Sterling Rebound.
Forex Signal For GBP/USD: No Basis for Sterling Rebound.
The pair is likely to pull back ahead of today's US data.
Bear Market Outlook
- Sell GBP/USD and set take profit at 1,3550.
- Add a stop-loss at 1,3625.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: No Basis for Sterling Rebound.
Bull Market Outlook
- Set a buy-stop at 1,3650 and a take profit at 1,3725.
- Add a stop-loss at 1,3600.
The GBP/USD pair is trading at 1,3628, which is around 0,45% above the weekly low and is moving higher after the latest UK inflation data and the government's announcement of its plans to ease Covid restrictions.
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