Forex Signal For GBP/USD: Bullish Flag Pattern Is Giving Rebound Signals
Forex Signal For GBP/USD: Bullish Flag Pattern Is Giving Rebound Signals
The pair is likely to continue its upward trend ahead of UK GDP and US inflation data.
Bull Market Outlook
- Set a buy-stop at 1,3880 and take a profit at 1,3950.
- Add a sell stop at 1,3800.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Bullish Flag Pattern Is Giving Rebound Signals
Bear Market Outlook
- Set a sell-stop at 1,3820 and a take profit at 1,3750
- Add a stop-loss at 1,3900.
The GBP/USD pair declined after strong US open interest data and higher US bond yields. The pair slumped to 1,3850, the lowest since July 27.
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