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Forex Signal For GBP/USD: Potentially Dropping Ahead of FOMC Minutes

Forex Signal For GBP/USD: Potentially Dropping Ahead of FOMC Minutes Forex Signal For GBP/USD: Potentially Dropping Ahead of FOMC Minutes

Forex Signal For GBP/USD: Potentially Dropping Ahead of FOMC Minutes
Yazar: Ross Sutton

Yayınlanma: 23 Kasım 2022 18:57

Güncellenme: 8 Nisan 2024 10:08

Forex Signal For GBP/USD: Potentially Dropping Ahead of FOMC Minutes

    Forex Signal For GBP/USD: Potentially Dropping Ahead of FOMC Minutes   The OECD released its closely watched economic outlook on Tuesday.  

Bear Market View

 
  • Sell ​​GBP/USD and take profit at 1,1645.
  • Add a stop-loss at 1,1950.
  • Timetable: 1-2 days.
 

Forex Signal For GBP/USD: Potentially Dropping Ahead of FOMC Minutes

 

Bull Market Outlook

 
  • Set stop buy at 1,1920 and take profit at 1,200.
  • Add a stop-loss at 1,1825.
  The GBP/USD price moved sideways on Wednesday morning as traders awaited Federal Reserve minutes, while at the same time reacting moderately to the latest OECD report on the state of the UK economy. The pair was trading at 1,1870, just below its year-to-date high of 1,2027.   gbpusd_23112022_cryspus  

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