Forex Signal For GBP/USD: After Bailey's Warning, The Pound Went Down.
Forex Signal For GBP/USD: After Bailey's Warning, The Pound Went Down.
While the Bear Market will set the next key support level to 1,300, the pair will likely continue to fall.
Bear Market View
- Sell £UK/US$ and profit margin £1,300.
- Add a stop-loss to 1,3150.
- Timeline: 1-2 days.
Forex Signal For GBP/USD: After Bailey's Warning, The Pound Went Down.
Bull Market View
- Set buy-stop at 1,3125 and add royalty at 1,3200.
- Add a stop-loss to 1,3070.
The couple of
British Pounds/US Dollars abruptly withdrew during US and Asian sessions as investors responded to a big warning about the UK and European economies.
This year it dropped to 1,3072, the lowest level since March 16th.
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