Forex Signal For GBP/USD Potential Downside Ahead of BOE.
Forex Signal For GBP/USD Potential Downside Ahead of BOE.
Because the bears target the next key boost at 1,240, there's a chance it'll be going down.
Bear Market View
- Sell the GBP/USD pair and set a profit at 1,2450.
- Add a stop-loss at 1,2570.
- Timeline: 1-2 days.
Forex Signal For GBP/USD Potential Downside Ahead of BOE.
Bull Market View
- Set a buy stop at 1,260 and take a profit at 1,2680.
- Add a stop-loss at 1,2460.
GBP/USD reacted moderately to the Federal Reserve's latest rate decision, while the pair is trading at 1,2565, which is just below the overnight high of 1,2618.
This price is just over 1,2400, the April low.
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