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Forex Signal For GBP/USD: Big Rise Ahead of US GDP Data

Forex Signal For GBP/USD: Big Rise Ahead of US GDP DataForex Signal For GBP/USD: Big Rise Ahead of US GDP DataForex Signal For GBP/USD

Forex Signal For GBP/USD: Big Rise Ahead of US GDP Data
Yazar: Ross Sutton

Yayınlanma: 29 Temmuz 2021 16:15

Güncellenme: 15 Kasım 2024 07:58

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.   gbpusd-29072021

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