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Forex Signal For GBP/USD: Trend Downward as GBP Approaches Key Support

Forex Signal For GBP/USD: Trend Downward as GBP Approaches Key Support Forex Signal For GBP/USD: Trend Downward as GBP Approaches Key Support

Forex Signal For GBP/USD: Trend Downward as GBP Approaches Key Support
Yazar: Ross Sutton

Yayınlanma: 6 Haziran 2022 13:12

Güncellenme: 11 Kasım 2024 14:12

Forex Signal For GBP/USD: Trend Downward as GBP Approaches Key Support

    Forex Signal For GBP/USD: Trend Downward as GBP Approaches Key Support The bearish trend looks set to continue as the Bear Market targets the key support level at 1,2418, the 23,6% Fibonacci retracement level.  

Bear Market Outlook

 
  • Sell ​​GBP/USD and take a profit at 1,2418.
  • Add a stop-loss at 1,2550.
  • Timetable: 1 day.
 

Forex Signal For GBP/USD: Trend Downward as GBP Approaches Key Support

 

Bull Market Outlook

 
  • Set a buy-stop at 1,2540 and a take profit at 1,2600.
  • Add a stop-loss at 22,450.
  The GBP/USD pair hovers close to its lowest level since May 20 after positive data from the UK, while trading at 1,2488, about 2% below its May 27 high, ahead of key US inflation data.   gbpusd-crispus-06062022  

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