Forex Signal For GBP/USD: Fall To 1,300 Cannot Be Ignored
Forex Signal For GBP/USD: Fall To 1,300 Cannot Be Ignored
The parity will continue its downward trend today as investors consider Jerome Powell's falcon
Bear Market Outlook
- Set sales-stop at 1,3120 and profit-loss at 1,300.
- Add a stop-loss to 1,3200.
- Timeline: 1 day
Forex Signal For GBP/USD: Fall To 1,300 Cannot Be Ignored
Bull Market View
- Buy the pound/US$ pair and fix £1,3300 profit.
- Add a stop-loss to 1,3150.
The
GBP/US dollar pair remained stable through the night session, as investors weighed the Central Bank and Central Bank decisions on interest rates, with focus again on UK inflation data due on Wednesday.
It was traded as 1,3134. 1,3214 overnight value is just below the peak.
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