Forex Signal For GBP/USD: Sterling Remains Under Pressure.
Forex Signal For GBP/USD: Sterling Remains Under Pressure.
The pair will likely continue to decline as the Bear Market targets the 23,6% Fibonacci retracement level at 1,3320.
Bear Market Outlook
- Sell GBP/USD and set a take profit at 1,3320.
- Add a stop-loss at 1,3500.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Sterling Remains Under Pressure.
Bull Market Outlook
- Set a buy-stop at 1,3430 and a take profit at 1,3500.
- Add a stop-loss at 1,3370.
GBP/USD price selling rose to 1,3450, its lowest level since Jan. 3, after relatively weak UK and US manufacturing and services PMI data.
It fell below the January high of 2,25%.
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