Forex Signal For GBP/USD: Bearish Breakout Ahead of US CPI
Forex Signal For GBP/USD: Bearish Breakout Ahead of US CPI
After the US releases employment figures, the pair will likely turn down.
Bear Market View
- Sell GBP/USD pair and set profit at 1,200.
- Add stop loss at 1,2400.
- Timeline: 1-2 days.
Forex Signal For GBP/USD: Bearish Breakout Ahead of US CPI
Bull Market Look
- Buy for 1,2350 and set a profit for 1,2420.
- Add stop loss at 1,230.
GBP/USD is still low this week and is trading at 1,2320, just above the 1,2260 year low, as traders await key US consumer price index (CPI) data.
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