Forex Signal For GBP/USD: Pound to Hold Stable Ahead of UK Data.
Forex Signal For GBP/USD: Pound to Hold Stable Ahead of UK Data.
The pair will likely continue to rise as the bull market targets the 38,2% retracement level at 1,3420.
Bull Market Outlook
- Buy GBP/USD and take a profit at 1,3420.
- Add a stop-loss at 1,3200.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Pound to Hold Stable Ahead of UK Data.
Bear Market Outlook
- Set a sell-stop at 1,3235 and a take profit at 1,3150.
- Add a stop-loss at 1,3325.
The GBP/USD pair is holding steady at 1,3265 on Monday morning, roughly 0,80% above last week's low as the market refocuses on a relatively busy week.
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