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Forex Signal For GBP/USD: Bullish Flag Pattern Is Giving Rebound Signals

Forex Signal For GBP/USD: Bullish Flag Pattern Is Giving Rebound Signals Forex Signal For GBP/USD: Bullish Flag Pattern Is Giving

Forex Signal For GBP/USD: Bullish Flag Pattern Is Giving Rebound Signals
Yazar: Ross Sutton

Yayınlanma: 10 Ağustos 2021 16:17

Güncellenme: 23 Kasım 2024 15:13

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.   gbpusd-10082021  

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