Forex Signal For GBP/USD: Highly Likely Expected to Drop to 1,3050
Forex Signal For GBP/USD: Highly Likely Expected to Drop to 1,3050
The pair will likely continue to decline as the bears target the next key support level at 1,3050.
Bear Market Outlook
- Sell GBP/USD and take a profit at 1,3150.
- Add a stop-loss at 1,3180.
- Timetable: 2 days.
Forex Signal For GBP/USD: Highly Likely Expected to Drop to 1,3050
Bull Market Outlook
- Set a buy-stop at 1,3155 and a take-profit at 1,3200.
- Add a stop-loss at 1,3100.
The GBP/USD pair held its range on Monday, trading at 1,3115 where it has been for the past few days, as investors react to strong US non-farm payrolls (NFP) data and the ongoing crisis in Ukraine.
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