Forex Signal For GBP/USD: Bear Market Shows Sensitivity Ahead of UK Inflation Data.
Forex Signal For GBP/USD: Bear Market Shows Sensitivity Ahead of UK Inflation Data.
The pair should likely retest the upper side of the channel afterward to resume its downtrend to around 1,1700.
Bear Market Outlook
- Set a sell limit at 1,1900 and a take profit limit at 1,1760.
- Add a stop-loss at 1,200.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Bear Market Shows Sensitivity Ahead of UK Inflation Data.
Bull Market Outlook
- Set a buy stop at 1,1890 and a take profit at 1,1950.
- Add a stop-loss at 1,1800.
The
GBP/USD pair rose slightly ahead of key economic data from the UK, with Sterling also rising to 1,1870, its highest level since 14 July this year.
This price is about 1% above this month's lowest price.
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