Forex Signal For GBP/USD: Big Rise Ahead of US GDP Data
Forex Signal For GBP/USD: Big Rise Ahead of US GDP Data
The pair is likely to continue its uptrend as it targets 1,3988 as the Bulls retracement level.
Bull Market Outlook
- Buy pairs and make a profit at 1,3988.
- Add stop-loss at 1,3826
- Timetable: 1-2 days.
Bear Market Outlook
- Set to take a sell-stop at 1.,880 and a gain at 1,3726.
- Add a stop-loss at 1,3950.
The pair rallied above a key resistance level following relatively weak UK home price growth data and the Fed's rate decision.
GBP/USD is trading at 1,3907, which is significantly higher than 1,3572 last week's low.
You may also be interested in: