Forex Signal For GBP/USD: In an Environment Suitable For Melting With A Further Decline
Forex Signal For GBP/USD: In an Environment Suitable For Melting With A Further Decline
GBP/USD price also rose slightly even after Raphael Bostic 's hawk statement.
Bear Market Outlook
- Sell GBP/USD and take profit at 1,0400.
- Add a stop-loss at 1,1150.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: In an Environment Suitable For Melting With A Further Decline
Bull Market Outlook
- Set a buy stop at 1,1100 and a take profit at 1,1200.
- Add a stop-loss at 1,100.
The GBP/USD price stabilized slightly after falling to an all-time low of 1,0366 on Sept. 26, reflecting the latest intervention from the Bank of England (BoE).
The pair advanced to 1,0925 as a sign of relief.
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