Forex Signal For GBP/USD: Limited Range Before US Data.
Forex Signal For GBP/USD: Limited Range Before US Data.
The pair will probably stay in this range today.
Bull Market Outlook
- Buy GBP/USD and take a profit at 1,3350.
- Add a stop-loss at 1,3150.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Limited Range Before US Data.
Bear Market Outlook
- Set a sell-stop at 1,3220 and add a take profit at 1,3160.
- Add a stop-loss at 1,3300.
GBP/USD moves sideways as investors reflect on the rising Omicron cases and measures taken by the US and UK governments, ahead of the latest US consumer confidence and UK and GDP data.
It is trading at 1,3250, which is above the key support at 1,3195.
You may also be interested in: