Forex Signal for GBP/USD: Bear Market in the Light of UK Data
Forex Signal for GBP/USD: Bear Market in the Light of UK Data
The
GBP/USD pair is likely to continue lower as the bears target the monthly low of 1,3783.
Bear Market
- Sell GBP/USD and take a profit at 1,3787.
- Add a take profit status at 1,400.
- Timetable: 1-2 days.
Forex Signal for GBP/USD: Bear Market in the Light of UK Data
Bull Market
- Set a buy stop at 1,3940 and a take profit at 1,4050.
- Add a stop-loss at 1,3800.
GBP/USD is down for the fourth consecutive day as the number of coronavirus cases in the UK (due to the delta variant) continues to rise. The pair also hovers at 1,3863, hitting its lowest levels since Monday ahead of UK housing and US consumer confidence data.
You may also interested in: