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Forex Signal For GBP/USD: Double Peak Curve Forms Ahead of FOMC Disclosures

Forex Signal For GBP/USD: Double Peak Curve Forms Ahead of FOMC Disclosures Forex Signal For GBP/USD: Double Peak Curve Forms Ahead of

Forex Signal For GBP/USD: Double Peak Curve Forms Ahead of FOMC Disclosures
Yazar: Ross Sutton

Yayınlanma: 17 Ağustos 2022 14:29

Güncellenme: 16 Kasım 2024 20:00

Forex Signal For GBP/USD: Double Peak Curve Forms Ahead of FOMC Disclosures

    Forex Signal For GBP/USD: Double Peak Curve Forms Ahead of FOMC Disclosures   The pair will likely continue its downtrend as sellers try to move below the support at 1,2000  

Bear Market Outlook

 
  • Take a sell stop at 1,2000 and a profit at 1,1900.
  • Add a stop-loss at 1,2200.
  • Timetable: 1-2 days.
 

Forex Signal For GBP/USD: Double Peak Curve Forms Ahead of FOMC Disclosures

 

Bull Market Outlook

 
  • Take a buy stop at 1,2135 and a profit at 1,2250.
  • Add a stop-loss at 1,2000.
GBP/USD climbed to 1,2100, about 70 basis points above this week's low, as the price rose slightly ahead of upcoming UK consumer and producer inflation data and relatively weak US housing numbers.   gbpusd-crispus-17082022
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