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Forex Signal For GBP/USD: Probability of Greater Weakness due to Energy Costs

Forex Signal For GBP/USD: Probability of Greater Weakness due to Energy Costs Forex Signal For GBP/USD: Probability of Greater Weakness

Forex Signal For GBP/USD: Probability of Greater Weakness due to Energy Costs
Yazar: Ross Sutton

Yayınlanma: 9 Mart 2022 13:52

Güncellenme: 15 Kasım 2024 07:25

Forex Signal For GBP/USD: Probability of Greater Weakness due to Energy Costs

    Forex Signal For GBP/USD: Probability of Greater Weakness due to Energy Costs Since the bears are aiming for the next lock support at 1,3000, parity will likely continue to decline.  

 Bear Market Outlook

 
  • Sell British pound/US dollar pair and earn a profit of 1,3000.
  • Add a stop-loss to 1,3200.
  • Timeline: 1-2 days.
 

Forex Signal For GBP/USD: Probability of Greater Weakness due to Energy Costs

   

Bull Market Outlook

 
  • One stop on 1,3150 and set a profit on 1,3230.
  • Add a stop-loss to 1,3100.
  Due to concerns about the state of the British economy, as the crisis continues in Ukraine, the parity valued at British Pound/Dollar is traded at 1,3108, the lowest level since November 2020, and falling below the level of substantial support. This decline was more than 8% compared to the highest level in 2021.   gbpusd-crispus-09032022  

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