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Forex Signal For GBP/USD: Bullish Trend Still Not Breaking While Recovery Continues.

Forex Signal For GBP/USD: Bullish Trend Still Not Breaking While Recovery Continues. Forex Signal For GBP/USD: Bullish Trend Still Not

Forex Signal For GBP/USD: Bullish Trend Still Not Breaking While Recovery Continues.
Yazar: Ross Sutton

Yayınlanma: 6 Aralık 2022 19:09

Güncellenme: 4 Mart 2024 15:50

Forex Signal For GBP/USD: Bullish Trend Still Not Breaking While Recovery Continues.

    Forex Signal For GBP/USD: Bullish Trend Still Not Breaking While Recovery Continues.   GBP/USD price declines slightly as the bullish momentum continues and the pair has dropped to the standard pivot on the 4-hour chart. It is moving slightly above the ascending yellow trendline.  

Bull Market Outlook

 
  • Buy GBP/USD and take profit at 1,2440.
  • Add a stop-loss at 1,2000.
  • Timetable: 1-2 days.
 

Forex Signal For GBP/USD: Bullish Trend Still Not Breaking While Recovery Continues.

 

Bear Market Outlook

 
  • Set a sell stop at 1,2110 and a take profit at 1,2225.
  • Add a stop-loss at 1,2050.
  GBP/USD price slumped to 1,2200 below last week's high of 1,2338 as the recent rally started to ease and decline. The drop came as the market focused on upcoming interest rate decisions by the Federal Reserve and the Bank of England (BoE).   gbpusd_06122022_cryspus  

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