Forex Signal For GBP/USD: Bearish Flag Continues to Signal Weakness.
Forex Signal For GBP/USD: Bearish Flag Continues to Signal Weakness.
The pair will likely continue to decline as the Bear Market targets the next key support level at 1,3450.
Bear Market Outlook
- Sell the GBP/USD pair and take profit at 1,3445.
- Add a stop-loss at 1,3600.
- Timetable: 1 day.
Forex Signal For GBP/USD: Bearish Flag Continues to Signal Weakness.
Bull Market Outlook
- Set a buy-stop at 1,3540 and a take profit at 1,3600.
- Add a stop-loss at 1,3480.
The GBP/USD pair fell slightly on Monday to trade at 1,3527, roughly 0,75% below last week's high as investors continue to reflect on the Bank of England's latest interest rate decision.
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