Forex Signal For GBP/USD: Very Bearish After Powell Appointment.
Forex Signal For GBP/USD: Very Bearish After Powell Appointment.
The pair will likely continue to decline.
Bear Market Outlook
- Set a sell-stop at 1,3380 and a take-profit at 1,3300.
- Add a stop-loss at 1,3450.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Very Bearish After Powell Appointment.
Bull Market Outlook
- Set a buy-stop at 1,3460 and a take profit at 1,3550.
- Add a stop-loss at 1,3400.
The
GBP/USD pair fell to 1.3390, lower than last week's high of 1,3515, following relatively strong US current home sales data and Biden's election as Fed Chairman.
You may also be interested in: