Forex Signal For GBP/USD: GBP Under Pressure Ahead of BoE
Forex Signal For GBP/USD: GBP Under Pressure Ahead of BoE
The pair will likely decline before or after the BoE decision.
Bear Market Outlook
- Set a sell-stop at 1,3610 and a take-profit at 1,3500.
- Add a stop-loss at 1,3700.
- Timetable: 1 day.
Forex Signal For GBP/USD: GBP Under Pressure Ahead of BoE
Bull Market Outlook
- Set a buy-stop at 1,3650 and a take profit at 1,3750.
- Add a stop-loss at 1,3600.
The
GBP/USD pair fluctuated in the night session following the relatively hawkish Federal Reserve decision, and the pair traded at 1,3630, just above the night's low of 1,3600.
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