Forex Signal For GBP/USD: Breakout To 1,2200 Likely Expected.
Forex Signal For GBP/USD: Breakout To 1,2200 Likely Expected.
The pair is likely to continue bullish as buyers target the next key resistance level at 1,2200.
Bull Market Outlook
- Buy GBP/USD and take a profit at 1,2200.
- Add a stop-loss at 1,1950.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Breakout To 1,2200 Likely Expected.
Bear Market Outlook
- Stop a sell at 1,200 and take a profit at 1,1950.
- Add a stop-loss at 1,2050.
GBP/USD price has soared to its highest level since July 5 this year on the continued weakness of the dollar, reaching 1,2085, which is about 2,82% above this month's low.
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