Forex Signal For GBP/USD: Showing Bearish Sensitivity in a Yield Curve Inversion Environment
Forex Signal For GBP/USD: Showing Bearish Sensitivity in a Yield Curve Inversion Environment
A pullback was seen in the price of the pair after relatively positive US consumer confidence data.
Bear Market Outlook
- Sell GBP/USD and take a profit at 1,1800.
- Add a stop-loss at 1,2155.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Showing Bearish Sensitivity in a Yield Curve Inversion Environment
Bull Market Outlook
- Set buy stop at 1,2050 and take profit at 1,2160.
- Add a stop-loss at 1,1950.
GBP/USD price fell slightly after the US bond yield curve inverted during the American and Asian sessions and dropped to the psychologically important 1,2000 support, just below 1,2155 this month's high.
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