Forex Signal For GBP/USD: Plan B Directives to Lower the Pound.
Forex Signal For GBP/USD: Plan B Directives to Lower the Pound.
The pair is likely to continue its downtrend as the bears target the second support of 1,3095.
Bear Market Outlook
- Sell GBP/USD and set a take profit at 1,3095.
- Add a stop-loss at 1,3250.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Plan B Directives to Lower the Pound.
Bull Market Outlook
- Set a buy-stop at 1,3265 and a take profit at 1,3350.
- Add a stop-loss at 1,3200.
The GBP/USD pair slumped to its lowest level in more than a year to 1,3160, the lowest since November last year, as Covid-19 escalated in the UK and investors prepared for strong US inflation figures.
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