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Forex Signal GBP/USD: A Short Retracement From Ascending Upswings

Forex Signal GBP/USD: A Short Retracement From Ascending Upswings Forex Signal GBP/USD: A Short Retracement From Ascending Upswings

Forex Signal GBP/USD: A Short Retracement From Ascending Upswings
Yazar: Ross Sutton

Yayınlanma: 8 Eylül 2022 17:23

Güncellenme: 15 Kasım 2024 03:38

Forex Signal GBP/USD: A Short Retracement From Ascending Upswings

  Forex Signal GBP/USD: A Short Retracement From Ascending Upswings   The GBP/USD price has seen a strong decline in recent days as investors worried about the UK economy.  

Bull Market Outlook

 
  • Buy GBP/USD and take a profit at 1,1600.
  • Add a stop-loss at 1,1400.
  • Timeline: 1 day.
 

Forex Signal GBP/USD: A Short Retracement From Ascending Upswings

 

Bear Market Outlook

 
  • Take a sell stop at 1,1450 and a profit at 1,1350.
  • Add a stop-loss at 1,1520.
  The GBP/USD pair retraced slightly after falling to its lowest level since 1985, while the pair fell to 1,1408, about 7,28% below its August high. After the Fed releases its Beige Book at the end of each August, it pulled back a little further in the nighttime session.   gbpusd_08092022_cryspus  

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