Forex Signal For GBP/USD: Double Top Pattern Signals Drop To 1,200
Forex Signal For GBP/USD: Double Top Pattern Signals Drop To 1,200
As long as the sellers target this support level, there is a possibility that the pair will continue to decline.
Bear Market Outlook
- Sell the GBP/USD pair and take a profit at 1,2000.
- Add a stop-loss at 1,2200.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Double Top Pattern Signals Drop To 1,200
Bull Market Outlook
- Set a buy stop at 1,2150 and a take profit at 1,2250.
- Add a stop-loss at 1,2050.
GBP/USD fell to 1,2100 on Monday morning, the lowest since August 10 of the year, as traders prepare for a relatively busy week for the British pound.
This price was also considerably lower than this month's high of 1,2291.
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