Forex Signal For GBP/USD: C&H Scores Point More Downside
Forex Signal For GBP/USD: C&H Scores Point More Downside
The pair will likely continue to decline as sellers target the next key support at 1,1650
Bear Market Outlook
- Sell the GBP/USD pair and take profit at 1,1650.
- Add a stop-loss at 1,1850.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: C&H Scores Point More Downside
Bull Market Outlook
- Set a buy stop at 1,1800 and a take profit at 1,1900.
- Add a stop-loss at 1,1700.
The GBP/USD exchange rate hovered near its lowest level since March 2020 as the US dollar made a strong comeback, but fell to 1,1745 on Monday, roughly 17,80% below this year's high.
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