Forex Signal For GBP/USD: Currently in Consolidation Mode.
Forex Signal For GBP/USD: Currently in Consolidation Mode.
The pair will likely stay in the same range between 1,3835 and 1,3890 today.
Bull Market Outlook
- Buy GBP/USD and set to take a profit at 1,3900 (September high).
- Add a stop-loss at 1,3795.
- Timetable: 2 days.
Forex Signal For GBP/USD: Currently in Consolidation Mode.
Bear Market Outlook
- Set to take a sell-stop at 1,3795 and a profit at 1,3700.
- Add a stop-loss at 1,3900.
As traders continued to reflect strong UK inflation and mixed US production figures, the GBP/USD pair slanted higher in the nighttime session to rise to 1,3853, slightly higher than this week's low of 1,3790.
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