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Forex Signal For GBP/USD: Sterling High Likely to Drop to 1,1400.

Forex Signal For GBP/USD: Sterling High Likely to Drop to 1,1400. Forex Signal For GBP/USD: Sterling High Likely to Drop to 1,1400.

Forex Signal For GBP/USD: Sterling High Likely to Drop to 1,1400.
Yazar: Ross Sutton

Yayınlanma: 6 Eylül 2022 14:52

Güncellenme: 7 Kasım 2024 22:58

Forex Signal For GBP/USD: Sterling High Likely to Drop to 1,1400.

    Forex Signal For GBP/USD: Sterling High Likely to Drop to 1,1400.   The GBP/USD pair has continued its downtrend over the past few days.  

Bear Market Outlook

 
  • Sell ​​GBP/USD and take a profit at 1,1400.
  • Add a stop-loss at 1,1600.
  • Timetable: 1-2 days.
 

Forex Signal For GBP/USD: Sterling High Likely to Drop to 1,1400. 

Bull Market View

 
  • Set a buy stop at 1,1550 and a take profit at 1,1650.
  • Add a stop-loss at 1,1450.
  The GBP/USD price fell to its lowest level since 1985 against the US dollar as investors focused on weak economic data from the UK, while Lizz Truss later rebounded a bit after defeating Rishi Sunak to become UK prime minister. It rose to 1,1518 from Monday's low of 1,1445.   gbpusd_06092022_crypus  

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