Forex Signal For GBP/USD: Pound Expected to Retest 1,300 Support.
Forex Signal For GBP/USD: Pound Expected to Retest 1,300 Support.
Parity will likely continue the downward trend as vendors target the horizontal line at 1,300
Bear Market View
- Sell £UK/US and profit margin £1,300.
- Add a stop-loss to 1,3120.
- Timeline: 1 day
Forex Signal For GBP/USD: Pound Expected to Retest 1,300 Support.
Bull Market View
- Buy-stop at 1,3070, profit at 1,3135.
- Add a stop-loss to 1,3000.
In the Asian session, in a relatively calm week in the UK, the GBP/USD price is trading unchanged at 1,3053 over the last few days.
The price is about 1,9% below March's highest level.
You may also be interested in: