Forex Signal For GBP/USD: Sterling Risks Further Weakening.
Forex Signal For GBP/USD: Sterling Risks Further Weakening.
GBP/USD will be affected by the future statements of the Federal Reserve.
Bear Market Outlook
- Sell the GBP/USD pair and take a profit at 1,0780.
- Set a stop-loss at 1,1200.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Sterling Risks Further Weakening.
Bull Market Outlook
- Set take profit at 1,1160 and take profit at 1,1300.
- Add a stop-loss at 1,1050.
GBP/USD price was trading sideways at 1,1116, which is much higher than the weekly low of 1,1015, ahead of the upcoming UK GDP data.
This price is lower than last week's high of 1,1500.
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