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Forex Signal For GBP/USD: Possibly Drop to 1,200 Before BoE Decision

Forex Signal For GBP/USD: Possibly Drop to 1,200 Before BoE Decision Forex Signal For GBP/USD: Possibly Drop to 1,200 Before BoE Decision

Forex Signal For GBP/USD: Possibly Drop to 1,200 Before BoE Decision
Yazar: Ross Sutton

Yayınlanma: 4 Ağustos 2022 15:50

Güncellenme: 8 Kasım 2024 07:27

Forex Signal For GBP/USD: Possibly Drop to 1,200 Before BoE Decision

    Forex Signal For GBP/USD: Possibly Drop to 1,200 Before BoE Decision The pair will likely continue to decline as long as sellers aim the next key support at 1,200.  

Bear Market Outlook

 
  • Sell ​​the GBP/USD pair and take profit at 1,2000.
  • Add a stop-loss at 1,2230.
  • Timetable: 1-2 days.
 

Forex Signal For GBP/USD: Possibly Drop to 1,200 Before BoE Decision

 

Bull Market Outlook

 
  • Take a buy stop at 1,2200 and a profit at 1,2300.
  • Add a stop-loss at 1,2100.
GBP/USD is trading under pressure at 1,2152 during the Asian session as traders await the Bank of England (BoE) decision and US nonfarm payroll (NFP) data.   gbpusd-crispus-04082022 (1)  

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