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Forex Signal For GBP/USD: Sterling Continues to Drop Ahead of Fed, BoE

Forex Signal For GBP/USD: Sterling Continues to Drop Ahead of Fed, BoE Forex Signal For GBP/USD: Sterling Continues to Drop Ahead of Fed, BoE

Forex Signal For GBP/USD: Sterling Continues to Drop Ahead of Fed, BoE
Yazar: Ross Sutton

Yayınlanma: 31 Ekim 2022 14:05

Güncellenme: 13 Mart 2024 22:18

Forex Signal For GBP/USD: Sterling Continues to Drop Ahead of Fed, BoE

    Forex Signal For GBP/USD: Sterling Continues to Drop Ahead of Fed, BoE   The GBP/USD price continued to rise as investors reflected on the new management in the UK.  

Bull Market Outlook

 
  • Buy the GBP/USD pair and take a profit at 1,1850.
  • Add a stop-loss at 1,1500.
  • Timetable: 1-2 days.
 

Forex Signal For GBP/USD: Sterling Continues to Drop Ahead of Fed, BoE

 

Bear Market Outlook

 
  • Take a sell stop at 1,1525 and a profit at 1,1450.
  • Add a stop-loss at 1,1625.
  The GBP/USD price continued to rise as it rose to 1,1613, its highest since Sept. 13 against the Rishi Sunak government. It rose more than 12% from this month's low, making the pound the best performing G10 currency.   gbpusd_31102022_cryspus  

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