Forex Signal For GBP/USD: Double Downside in Bear Market
Forex Signal For GBP/USD: Double Downside in Bear Market
The pair is likely to drop to the next key support at 1,3344.
Bear Market Outlook
- Sell GBP/USD and set a take profit at 1,3344.
- Add a stop-loss at 1,3600.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Double Downside in Bear Market
Bull Market Outlook
- Set a buy-stop at 1,3550 and a take profit at 1,3650.
- Add a stop-loss at 1,3450.
The GBP/USD pair slumped in the overnight session and traded at 1,3520, roughly 0,92% below last week's high, as investors awaited UK jobs and inflation figures scheduled for Tuesday and Wednesday.
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