Forex Signal For GBP/USD: Consolidation Sets Pulled Ahead of NFP.
Forex Signal For GBP/USD: Consolidation Sets Pulled Ahead of NFP.
The pair will likely stall as traders await official NFP data.
Bull Market Outlook
- Set a buy-stop at 1,3810 and a take profit at 1,3887 (R2).
- Add a stop-loss at 1,3730.
- Timetable: 2 days.
Forex Signal For GBP/USD: Consolidation Sets Pulled Ahead of NFP.
Bear Market Outlook
- Set to take a sell-stop at 1,3730 and a profit at 1,3657.
- Add a stop-loss at 1,3800.
GBP/USD rose after relatively mixed economic data from the UK and the US, with the pair climbing to 1,3800, slightly higher than 1,3700, a week's low.
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