Forex Signal For GBP/USD: On Way To 1,1200 Ahead of US CPI Data Release
Forex Signal For GBP/USD: On Way To 1,1200 Ahead of US CPI Data Release
The
GBP/USD pair has seen a pullback in the past few hours.
Bear Market Outlook
- Sell the GBP/USD pair and take profit at 1,1200.
- Add a stop-loss at 1.1492.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: On Way To 1,1200 Ahead of US CPI Data Release
Bull Market Outlook
- Buy the GBP/USD pair and take a profit at 1.1500.
- Add a stop-loss at 1,1200.
Investors reacting to the outcome of the US midterm elections, GBP/USD is trading at 1,1400 key support and just below this week's high of 1,1591 on Thursday as the GBP/USD price remains in the consolidation phase.
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