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Forex Signal For GBP/USD: Bearish Signs Ahead of Key UK Data.

Forex Signal For GBP/USD: Bearish Signs Ahead of Key UK Data. Forex Signal For GBP/USD: Bearish Signs Ahead of Key UK Data.

Forex Signal For GBP/USD: Bearish Signs Ahead of Key UK Data.
Yazar: Ross Sutton

Yayınlanma: 16 Kasım 2021 13:41

Güncellenme: 11 Kasım 2024 05:25

Forex Signal For GBP/USD: Bearish Signs Ahead of Key UK Data.

  Forex Signal For GBP/USD: Bearish Signs Ahead of Key UK Data. The pair will likely continue its downward trend before or after UK employment figures.  

Bear Market Outlook

 
  • Sell ​​GBP/USD and add take a profit at 1,3310 (S1).
  • Add a stop-loss at 1,3500.
  • Timetable: 1-2 days.
 

Forex Signal For GBP/USD: Bearish Signs Ahead of Key UK Data.

 

Bull Market Outlook

 
  • Buy GBP/USD and take a profit at 1,3550.
  • Add a stop-loss at 1,3350.
  While traders await the latest UK employment and inflation data, the GBP/USD pair is little changed in early trading and is expected to react to the latest US retail sales figures to be released in the afternoon. It is trading at 1,3437, which is about 0,60% above last week's low.   gbpusd-crispus-16112021  

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