Forex Signal For GBP/USD: Shows Cautiously Optimistic Ahead of UK Inflation Data.
Forex Signal For GBP/USD: Shows Cautiously Optimistic Ahead of UK Inflation Data.
GBP/USD price continued to rise even after data showed the UK slipped into recession amid heightened risks.
Bull Market Outlook
- Buy the GBP/USD pair and take a profit at 1,1935.
- Add a stop-loss at 1,1650.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Shows Cautiously Optimistic Ahead of UK Inflation Data.
Bear Market Outlook
- Take a sell stop at 1,1717 and a profit at 1,1590.
- Add a stop-loss at 1,1850.
The GBP/USD price remained bullish even after worrying economic data from the UK, jumping to 1,1850, its highest point since August of the year.
The pair has risen more than 13% from its lowest level this year.
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