Forex Signal For GBP/USD: Bear Market Blocks Against Bullish Signals.
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Forex Signal For GBP/USD: Bear Market Blocks Against Bullish Signals.
The pair will likely enter a bearish trend this week.
Bear Market Outlook
- Sell the GBP/USD pair and take a profit at 1,2550.
- Add a stop-loss at 1,2700.
- Timetable: 2 days.
Forex Signal For GBP/USD: Bear Market Blocks Against Bullish Signals.
Bull Market Outlook
- A buy-stop at 1,2650 and take a profit at 1,2700.
- Add a stop-loss at 1,2600.
The GBP/USD pair continued its uptrend as the strong US dollar breathed, rising to 1,2631, roughly 3,80% above this month's low.
This price is close to its highest level on April 26 this year.
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