Forex Signal For GBP/USD: Pair High Likely to Climb to 1,2400.
Forex Signal For GBP/USD: Pair High Likely to Climb to 1,2400.
The pair will likely continue to rise as long as the bulls aim the next key resistance level at 1,2400.
Bull Market Outlook
- Take a buy stop at 1,2292 and a profit at 1,2400.
- Add a stop-loss at 1,2100.
- Timetable: 2 days.
Forex Signal For GBP/USD: Pair High Likely to Climb to 1,2400.
Bear Market Outlook
- Take a sell stop at 1,2163 and a profit at 1,2080.
- Add a stop-loss at 1,2250.
GBP/USD price has jumped to its highest level since August 2 after the latest US inflation data, reaching 1,2275, roughly 2,2% above this month's low.
It rose 5,2% from the lowest level of the year.
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