Forex Signal: For GBP/USD GBP Rebound Limit With Lock Resistance.
Forex Signal: For GBP/USD GBP Rebound Limit With Lock Resistance.
As bears target the rising trend at approximately 1,3515, the chances of bending are lower.
Bear Market Outlook
- Sell GBP/USD and profit at 1,3515.
- Add a stop-loss to 1,3650.
- Timeline: 1-2 days.
Forex Signal: For GBP/USD GBP Rebound Limit With Lock Resistance.
Bull Market Outlook
- Buy-stop at 1,3600 and profit at 1,3700.
- Add a stop-loss to 1,3500.
On Monday morning, investors highlighted the slight change in the £/US dollar price, as well as data released last week from the UK and rising tensions in Europe.
They are traded at 1,3587, about 45 basis points below last week's high score.
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