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Forex Signal For GBP/USD: Sterling Still in Consolidation Mode

Forex Signal For GBP/USD: Sterling Still in Consolidation Mode Forex Signal For GBP/USD: Sterling Still in Consolidation Mode

Forex Signal For GBP/USD: Sterling Still in Consolidation Mode
Yazar: Ross Sutton

Yayınlanma: 24 Ekim 2022 18:06

Güncellenme: 15 Kasım 2024 10:40

Forex Signal For GBP/USD: Sterling Still in Consolidation Mode

    Forex Signal For GBP/USD: Sterling Still in Consolidation Mode   Her resignation means that the UK will have a new prime minister in the coming days.  

Bull Market Outlook

 
  • Buy the GBP/USD pair and take a profit at 1,1500.
  • Add a stop-loss at 1,1180.
  • Timetable: 1-2 days.
 

Forex Signal For GBP/USD: Sterling Still in Consolidation Mode

 

Bear Market Outlook

 
  • Set a sell stop at 1,1250 and a take profit at 1,1150.
  • Add a stop-loss at 1,1350.
  GBP/USD rose slightly to its highest point since Thursday at 1,1310 as the market focused on the political situation in the UK and the possibility of a growing recession in the country.   gbpusd_24102022_cryspus  

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