Forex Signal For GBP/USD: To Accelerate Sterling Selling.
Forex Signal For GBP/USD: To Accelerate Sterling Selling.
The pair will likely continue its downtrend with the next target at 1,3150 which is along the 38,2% pullback on the daily chart.
Bear Market Outlook
- Sell GBP/USD and set a take profit at 1,3150.
- Add a stop-loss at 1,3300.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: To Accelerate Sterling Selling.
Bull Market Outlook
- Set a buy-stop at 1,3275 and a take profit at 1,3350.
- Add a stop-loss at 1,3200.
The GBP/USD pair is hovering near its lowest level since December 2020 as investors weigh the next actions from the Bank of England (BOE) and the Federal Reserve.
It is trading at 1,3237, about 7% below this year's high.
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