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Forex Signal For GBP/USD: Possible Pullback Ahead of US GDP Data.

Forex Signal For GBP/USD: Possible Pullback Ahead of US GDP Data. Forex Signal For GBP/USD: Possible Pullback Ahead of US GDP Data.

Forex Signal For GBP/USD: Possible Pullback Ahead of US GDP Data.
Yazar: Ross Sutton

Yayınlanma: 28 Ekim 2021 14:23

Güncellenme: 15 Kasım 2024 06:07

Forex Signal For GBP/USD: Possible Pullback Ahead of US GDP Data.

    Forex Signal For GBP/USD: Possible Pullback Ahead of US GDP Data.   The pair will likely continue to decline as the Bear Market targets the 50% retracement level at 1,3466.  

Bear Market Outlook

 
  • Set a sell stop at 1,3650 (38,2% retracement).
  • Add a take profit of 1,3465 (50% retracement).
  • Timetable: 1-2 days.
 

Forex Signal For GBP/USD: Possible Pullback Ahead of US GDP Data.

 

Bull Market Outlook

 
  • Set a buy-stop at 1,3865 and a take profit at 1,3950.
  • Add a stop-loss at 1,3750.
  GBP/USD fell as traders reflected in Rishi Sunak's budget speech and relatively strong US durable goods orders, with the pair trading at 1,3723, roughly 0,80% lower than this week's high.   gbpusd-28102021  

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