Forex Signal For GBP/USD: Fed and BoE Split Points Pointing to a Pullback
Forex Signal For GBP/USD: Fed and BoE Split Points Pointing to a Pullback
The Fed has signaled that it will continue to raise interest rates, albeit at a slower pace than expected.
Bear Market Outlook
- Sell GBP/USD and take profit at 1,1115.
- Add a stop-loss at 1,1500.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Fed and BoE Split Points Pointing to a Pullback
Bull Market View
- Take a buy stop at 1,1492 and a profit at 1,1550.
- Add a stop-loss at 1,1400.
The GBP/USD price retreated after falling to its lowest level since October 21st and was trading at 1,1371, just above the last week's low of 1,112.
This price is also below this month's high of 1,1653.
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