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.
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