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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 Forex Signal For GBP/USD: Double Top Pattern Signals Drop To 1,200

Yazar: Ross Sutton

Yayınlanma: 15 Ağustos 2022 15:21

Güncellenme: 22 Kasım 2024 08:19

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.   gbpusd-crispus-15082022  

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