Forex Signal For GBP/USD: Continuing to Approach Overbought Levels.
Forex Signal For GBP/USD: Continuing to Approach Overbought Levels.
The weakness of the dollar is the main reason for the midterm elections scheduled for Tuesday in the USA.
Bull Market Outlook
- Buy the GBP/USD pair and take a profit at 1,1650.
- Set a stop-loss at 1,1585.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Continuing to Approach Overbought Levels.
Bear Market Outlook
- Take a sell stop at 1,1460 and a profit at 1,1380.
- Add a stop-loss at 1,1550.
GBP/USD price continued to rise on Tuesday morning as the US dollar continued to pull back to 1,1536, its highest point since November 2.
Sterling jumps more than 5% from this year's low
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