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Forex Signal For GBP/USD: The Sterling Is Stuck In A Very Important Support

Forex Signal For GBP/USD: The Sterling Is Stuck In A Very Important Support Forex Signal For GBP/USD: The Sterling Is Stuck In A Very

Forex Signal For GBP/USD: The Sterling Is Stuck In A Very Important Support
Yazar: Ross Sutton

Yayınlanma: 20 Nisan 2022 13:05

Güncellenme: 14 Kasım 2024 19:46

Forex Signal For GBP/USD: The Sterling Is Stuck In A Very Important Support

      Forex Signal For GBP/USD: The Sterling Is Stuck In A Very Important Support Further downside is expected if the price drops below the support level at 1,2980, this month low.  

Bear Market View

 
  • Set a sell-stop to 1,2970 and take a profit to 1,2900.
  • Add a stop-loss to 1,3050.
  • Timeline: 1-2 days,
 

Forex Signal For GBP/USD: The Sterling Is Stuck In A Very Important Support

 

Bull Market Outlook

 
  • Set a buy-stop 1,3020 and take a profit 1,3100
  • Add a stop-loss to 1,2950.
  Investors are at a significant level of support and trading in this year’s lowest level of 1,300, with the GBP/USD parity being traded at a significant level of support reflecting the IMF’s strong warning of the US economy.   gbpusd_crispus_20042022  

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