Forex Signal For GBP/USD: Drop To 1,3400 Cannot Be Ignored.
Forex Signal For GBP/USD: Drop To 1,3400 Cannot Be Ignored.
The pair will continue to decline today as the Bear Market targets the initial support of the pivot point at 1,3400.
Bear Market Outlook
- Sell GBP/USD and set to take a profit at 1,3400 (S1).
- Add a stop-loss at 1,3645.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Drop To 1,3400 Cannot Be Ignored.
Bull Market Outlook
- Set a buy-stop at 1,3610 and a take profit at 1,3700.
- Add a stop-loss at 1,3500.
The
GBP/USD pair slumped in the night session as the US dollar rally accelerated to 1,3550, which is about 0,65% below this week's high.
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