Forex Signal For GBP/USD: Biased Neutral Outlook in Bear Market
Forex Signal For GBP/USD: Biased Neutral Outlook in Bear Market
The outlook for the pair is neutral with a bearish bias.
Bear Market View
- Set a sell stop at 1,265 and take a profit of 1,2180.
- Add stop loss at 1,2400.
- Timeline: 1-2 days.
Forex Signal For GBP/USD: Biased Neutral Outlook in Bear Market
Bull Market Look
- Buy for 1,2350 and set a profit at 1,2425.
- Add stop loss to 1,280.
The
GBP/USD pair is in the consolidation phase after better-than-expected US inflation data and ahead of UK GDP figures, trading at 1,2300, close to this month's low.
The pair is down more than 6,5% from its April high.
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