Forex Signal For GBP/USD: Path of Least Resistance Higher.
Forex Signal For GBP/USD: Path of Least Resistance Higher.
Bull Market the pair will likely continue to rise as it targets key resistance at 1,3700.
Bull Market Outlook
- Buy the GBP/USD pair and take a profit at 1,3700.
- Add a stop-loss at 1,3500.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Path of Least Resistance Higher.
Bear Market Outlook
- Add a sell stop at 1,3560 and take profit at 1,3500.
- Add a stop-loss at 1,3650.
The GBP/USD pair is trading at 1,3590, jumping to its highest level since November after mixed employment figures from the US, about 3,30% above December lows last year.
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