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Forex Signal For GBP/USD: Shows Further Downfall After The Breakout Of The Bear Market

Forex Signal For GBP/USD: Shows Further Downfall After The Breakout Of The Bear Market Forex Signal For GBP/USD: Shows Further Downfall

Forex Signal For GBP/USD: Shows Further Downfall After The Breakout Of The Bear Market
Yazar: Ross Sutton

Yayınlanma: 8 Ağustos 2022 14:48

Güncellenme: 8 Kasım 2024 09:02

Forex Signal For GBP/USD: Shows Further Downfall After The Breakout Of The Bear Market

    Forex Signal For GBP/USD: Shows Further Downfall After The Breakout Of The Bear Market   As long as sellers are targeting support at 1,1900, the pair will likely continue to decline.  

Bear Market View

 
  • Sell ​​GBP/USD and take a profit at 1,1900.
  • Add a stop-loss at 1,2150.
  • Timetable: 1-2 days.
 

Forex Signal For GBP/USD: Shows Further Downfall After The Breakout Of The Bear Market

 

Bull Market Outlook

 
  • Take a buy stop at 1,2130 and a profit at 1,2200.
  • Add a stop-loss at 1,2065.
The GBP/USD price came under pressure on Monday morning as investors focused on strong US employment figures, while trading below 1,2070 and last week's high of 1,2295 on Monday.   gbpusd-crispus-08082022  

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