Forex Signal GBP/USD: Bearish Flag Shows Possible Retracement Signals.
Forex Signal GBP/USD: Bearish Flag Shows Possible Retracement Signals.
There is a possibility of a pullback for the pair in the near term.
Bear Market Outlook
- Set a sell-stop at 1,3450 and a take profit at 1,3350 (last week's low).
- Add a stop-loss at 1,3550.
- Timetable: 1-2 days.
Forex Signal GBP/USD: Bearish Flag Shows Possible Retracement Signals.
Bull Market Outlook
- Set a buy-stop at 1,3490 and a take profit at 1,3550.
- Add a stop-loss at 1,3400.
The
GBP/USD pair moved higher early Wednesday and Thursday to 1.3478, slightly above last week's low of 1,3350, as the market reflected strong overall economic data from the UK and US.
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