Forex Signal For GBP/USD: Reached Top of Retracement
Forex Signal For GBP/USD: Reached Top of Retracement
It is observed that the price of the pair continues to rise after the closely watched US midterm elections.
Bear Market Outlook
- Sell the GBP/USD pair and take profit at 1,1350.
- Add a stop-loss at 1,1600.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Reached Top of Retracement
Bull Market View
- Set a buy stop at 1,1590 and a take profit at 1,1650.
- Add a stop-loss at 1,1500.
The GBP/USD pair continued to rise in the evening and morning sessions amid Tuesday's midterm elections, with the pound trading at 1,1530, just above this month's low of 1,1146.
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