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Forex Signal For GBP/USD: Bearish Momentum to Increase Value

Forex Signal For GBP/USD: Bearish Momentum to Increase Value Forex Signal For GBP/USD: Bearish Momentum to Increase Value

Forex Signal For GBP/USD: Bearish Momentum to Increase Value
Yazar: Ross Sutton

Yayınlanma: 6 Temmuz 2022 14:14

Güncellenme: 19 Kasım 2024 12:14

Forex Signal For GBP/USD: Bearish Momentum to Increase Value

    Forex Signal For GBP/USD: Bearish Momentum to Increase Value The pair will likely continue to decline as sellers target the second support at 1,1770.  

Bear Market Outlook

 
  • Sell ​​the GBP/USD pair and take a profit at 1,1770.
  • Add a stop-loss at 1,2020.
  • Timetable: 1 day.
 

Forex Signal For GBP/USD: Bearish Momentum to Increase Value

 

Bull Market Outlook

 
  • Take a buy stop at 1,2010 and a profit at 1,2110.
  • Add a stop-loss at 1,1830.
The GBP/USD pair fell sharply in the overnight session as investors rushed to the safety of the US dollar and dropped to a multi-month low of 1,1892, significantly below last week's high of 1,2331.   gbpusd-crispus-06072022  

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