Forex Signal For GBP/USD: Flag is up and H&S is negative.
Forex Signal For GBP/USD: Flag is up and H&S is negative.
The pair is likely to continue higher as the bulls target the 50% Fibonacci retracement level at 1,3695.
Bull Market Outlook
- Set a buy-stop at 1,3630 and a take profit at 1,3695.
- Add a stop-loss at 1,3600.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Flag is up and H&S is negative.
Bear Market Outlook
- Take a sell-stop at 1,3500 and a profit at 1,3400.
- Add a stop-loss at 1,3600.
The
GBP/USD price fell slightly in the overnight session as traders await upcoming UK jobs numbers and the US dollar rebounds, with the pair slipping to 1,3618, just below last Friday's high of 1,3660.
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