Forex Signal For GBP/USD: Still Drawback to 1,2100 in Cards and Certificates
Forex Signal For GBP/USD: Still Drawback to 1,2100 in Cards and Certificates
The pair will likely continue to pull back as traders target initial support at 1,2100.
Bear Market View
- Sell the GBP/USD pair and set profit at 1,2100.
- Add a stop-loss to 1,2325.
- Timeline: Two days.
Forex Signal For GBP/USD: Still Drawback to 1,2100 in Cards and Certificates
Bull Market Look
- Stop buy at 1,265 and set a profit at 1,2325.
- Add a stop-loss at 1,200.
GBP/USD price is still high as traders await economic data from the US and UK. The pair traded at 1,2275, slightly above last week’s low of 1,2157, while still hovering close to its 2010 low.
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