Forex Signal For GBP/USD: Sterling Not Out of Danger Yet
Forex Signal For GBP/USD: Sterling Not Out of Danger Yet
The housing sector also seems to be doing well, although interest rates are rising.
Bear Market Outlook
- Sell GBP/USD and take profit at 1,0400.
- Add a stop-loss at 1,0800.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Sterling Not Out of Danger Yet
Bull Market View
- Set a buy stop at 1,0800 and a take profit at 1,0900.
- Add a stop-loss at 1,0700.
The GBP/USD pair came under pressure after mixed economic data from the US and UK, and was trading at 1,0683 on Wednesday morning, below Tuesday's high of 1,0930.
The price has dropped more than 20% this year alone.
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