Forex Signal For GBP/USD: Sterling Rebound Expected After BOE Alert.
Forex Signal For GBP/USD: Sterling Rebound Expected After BOE Alert.
The pair will likely continue to decline as the Bear Market targets the second support of the Andrews Pitchfork tool at 1,3485.
Bear Market Outlook
- Sell GBP/USD and set take profit at 1,3480.
- Add a stop-loss at 1,3625.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Sterling Rebound Expected After BOE Alert.
Bull Market Outlook
- Set a buy-stop at 1,3550 and a take profit at 1,3600.
- Add a stop-loss at 1,3500.
The GBP/USD pair slumped to 1,3537, just below this week's high of 1,3586, after a key warning from the Bank of England chief economist.
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