Forex Signal For GBP/USD: Drop to 1,3300 Cannot Be Ignored.
Forex Signal For GBP/USD: Drop to 1,3300 Cannot Be Ignored.
The pair will likely continue to decline as the Bear Market targets the next key support level at 1,3300.
Bear Market Outlook
- Sell the GBP/USD pair and set a take profit at 1,3300.
- Add a stop-loss at 1,3550.
- Timetable: 2 days.
Forex Signal For GBP/USD: Drop to 1,3300 Cannot Be Ignored.
Bull Market Outlook
- Set a buy-stop at 1,3460 and a take profit at 1,3525.
- Add a stop-loss at 1,3380.
The GBP/USD pair was recently sold amid the ongoing political crisis in the UK and fell sharply on Thursday morning as investors mirrored the Fed's latest interest rate decision.
This week's low is at 1,3525 and is trading at 1,3442.
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