Forex Signal For GBP/USD: Path of Least Apparent Resistance Lower
Forex Signal For GBP/USD: Path of Least Apparent Resistance Lower
Since bears are targeting the next key level of support, with 1,2900, the party may continue to fall.
Bear Market Outlook
- Sell British pounds/US dollars and make a profit of 1,2900.
- Add a stop-loss to 1,3230.
- Timeline: One or two days.
Forex Signal For GBP/USD: Path of Least Apparent Resistance Lower
Bull Market View
- Get a buy-stop for 1,3140 and a profit for 1,3250.
- Add a stop-loss to 1,3080.
Before the latest business data in the United Kingdom, a pair of GBP/US dollars was under pressure Tuesday morning, with the Federal Reserve ruling the biggest reason the Central Bank has reached its lowest point since November 2020.
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