Forex Signal For GBP/USD: A Brief Revival Likely Possible As Downside Risks Rise Yesterday.
Forex Signal For GBP/USD: A Brief Revival Likely Possible As Downside Risks Rise Yesterday.
Although a short recovery is expected yesterday, the pair will likely continue its downtrend.
Bull Market Outlook
- Buy the GBP/USD pair and take a profit at 1,2700.
- Add a stop-loss at 1,2450.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: A Brief Revival Likely Possible As Downside Risks Rise Yesterday.
Bear Market Outlook
- Take a sell-stop at 1,2580 and a profit at 1,2500.
- Add a stop-loss at 1,2650.
The
GBP/USD pair fell for the fifth day in a row yesterday, amid concerns over the next actions of the Bank of England (BOE), hitting 1,2595, its lowest level since July 2018. The pound is down more than 12% from its high last year.
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