Forex Signal For GBP/USD: Highly Volatility Increases in Control Bears,
Forex Signal For GBP/USD: Highly Volatility Increases in Control Bears,
The pair will likely continue to decline as sellers aim the next key resistance at 1,1650.
Bear Market Outlook
- Sell the GBP/USD pair and take profit at 1,1650.
- Add a stop-loss at 1,1800.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Highly Volatility Increases in Control Bears,
Bull Market Outlook
- Set a buy stop at 1,1800 and a take profit at 1,1900.
- Add a stop-loss at 1,1700.
The GBP/USD price slumped to 1,1742, its lowest level since March 23 this year, amid a slew of worrying news and rising volatility on the UK economy. It fell more than 17% from this year's high.
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