Forex Signal For GBP/USD: Expected Bounce Before Freedom Day
Forex Signal For GBP/USD: Expected Bounce Before Freedom Day
The next key support will be at 1,3700, the pair is likely to continue falling!
Bear Market Outlook
- To take a profit at 1,3700, enter the GBP/USD pair sell.
- Add a stop-loss at 1,3825.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Expected Bounce Before Freedom Day
Bull Market Outlook
- Set a buy-stop at 1,3780 and a take profit at 1,3850.
- Add a stop-loss at 1,3700.
The GBP/USD pair was in the red in early trading amid pressure from the Bank of England (BOE) to reopen and end its support programme. The pair has dropped from last week's high of 1,3900 to 1,3765.
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