Forex Signal For GBP/USD: He’S Trying To Get Into Shape By Showing One Last Jump.
Forex Signal For GBP/USD: He’S Trying To Get Into Shape By Showing One Last Jump.
While the overall trend is bearish, the pair will likely have the last flutter as some traders buy the dip.
Bull Market Outlook
- Buy the GBP/USD pair and take a profit at 1,2200.
- Add a stop-loss at 1,2000.
- Timetable: 2 days.
Forex Signal For GBP/USD: He’S Trying To Get Into Shape By Showing One Last Jump.
Bear Market Outlook
- Take a sell stop at 1,2090 and a profit at 1,200.
- Add a stop-loss at 1,2200.
GBP/USD fell sharply to 1,2117 during the night session to its lowest level since June 16, as the US dollar continues to strengthen and the outlook for the UK economy weakens. It's down almost 2% in the last two days.