Forex Signal For GBP/USD: In Control Bearish Market For Now
Forex Signal For GBP/USD: In Control Bearish Market For Now
Now that the pair has formed a breakout and retest pattern, there are chances to resume the bearish trend this week.
Bear Market Signals
- Sell British pounds/US dollars and make a profit of 1,2500.
- Add a stop-loss to 1,3200.
- Timeline: One or two days.
Forex Signal For GBP/USD: In Control Bearish Market For Now
Bull Market View
- 1,3175 for a buy-off and a profit for 1,3250.
- Add a stop-loss to 1,3100.
With investors making US dollars a safe port, the pair of British Pounds / US dollars has reached its lowest level since November 2020, reaching a low level of 1,3037 — about 8,45% below the highest level in 2021.
You may also be interested in: