Forex Signal For GBP/USD: British Pound Expected to Retest 1,2500
Forex Signal For GBP/USD: British Pound Expected to Retest 1,2500
The pair is likely to continue its uptrend later on Thursday.
Bull Market Outlook
- Buy the GBP/USD pair and take a profit at 1,2500.
- Add a stop-loss at 1,2300.
- Timetable: 1 day.
Forex Signal For GBP/USD: British Pound Expected to Retest 1,2500
Bear Market Outlook
- A sell-stop at 1,2320 and take a profit at 1,2250.
- Add a stop-loss at 1,2420.
The GBP/USD pair slumped after strong inflation data from the US, following the strengthening of the US dollar amid heightened global risks.
It is trading at 1,2388, just below 1,2500 this week's high.
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