Forex Signal For GBP/USD: Still Facing 1,1500 in Control of Bear Market.
Forex Signal For GBP/USD: Still Facing 1,1500 in Control of Bear Market.
The four-hour chart shows the
GBP/USD pair has been in a strong downtrend for the past few days.
Bear Market Outlook
- Sell the GBP/USD pair and take profit at 1,1500.
- Add a stop-loss at 1,1750.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Still Facing 1,1500 in Control of Bear Market.
Bull Market Outlook
- Set a buy stop at 1,1700 and a take profit at 1,1765.
- Add a stop-loss at 1,1600.
The GBP/USD exchange rate fell to its lowest point in more than two years after strong economic data from the US and fell to 1,1625, well below 1,2295, a month high.
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