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Forex Signal For GBP/USD: Sterling Moves into Oversold Zone

Forex Signal For GBP/USD: Sterling Moves into Oversold Zone Forex Signal For GBP/USD: Sterling Moves into Oversold Zone

Forex Signal For GBP/USD: Sterling Moves into Oversold Zone
Yazar: Ross Sutton

Yayınlanma: 27 Ekim 2022 14:46

Güncellenme: 15 Kasım 2024 05:28

Forex Signal For GBP/USD: Sterling Moves into Oversold Zone

    Forex Signal For GBP/USD: Sterling Moves into Oversold Zone   GBP/USD price has been in an uptrend for the past few days. It has managed to break above the key resistance level at 1,1500, the upper side of the ascending triangle pattern.  

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 Moves into Oversold Zone

 

Bear Market Outlook

 
  • Take a sell stop at 1,1600 and a profit at 1,1500.
  • Add a stop-loss at 1,1700.
  GBP/USD price rallied to its highest level since September 13, reaching 1,1650 as US dollar selling continued, roughly 12% above September lows.   gbpusd_27102922_cryspus  

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