Forex Signal For GBP/USD: Sterling May Rebound Below 1,2000
Forex Signal For GBP/USD: Sterling May Rebound Below 1,2000
The
GBP/USD pair will likely continue to decline as long as the sellers aim the next key support at 1,1900.
Bear Market Outlook
- Take a sell stop at 1,1900 and a profit at 1,1900.
- Set a stop-loss at 1,2100.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Sterling May Rebound Below 1,2000
Bull Market Outlook
- Take a buy stop at 1,2090 and a profit at 1,2200.
- Add a stop-loss at 1,2000.
GBP/USD price fluctuated throughout the American and Asian sessions, trading at 1,2080 on Thursday morning and holding this month's high below 1,2287 as traders reacted to the latest economic data from the UK and FOMC minutes.
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