Forex Signal For GBP/USD: No End in Sight for Sterling Return
Forex Signal For GBP/USD: No End in Sight for Sterling Return
Data in the US show improvements in durable goods orders, consumer confidence and new home sales in October.
Bull Market Outlook
- Buy GBP/USD and take profit at 1,2100.
- Add a stop-loss at 1,1925.
- Timetable: 1 day.
Forex Signal For GBP/USD: No End in Sight for Sterling Return
Bear Market Outlook
- Sell GBP/USD and take a profit at 1,1900.
- Add a stop-loss at 1,2115.
GBP/USD price climbed to 1,2060, the highest level since 17 August as it continued to recover after relatively positive economic data from the UK and the dovish minutes from the Federal Reserve.
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