Forex Signal For GBP/USD: More Sells Expected as Cases Increase.
Forex Signal For GBP/USD: More Sells Expected as Cases Increase.
The pair is likely to continue falling as the Bear Market targets the next key support level at 1,3150.
Bear Market Outlook
- Sell GBP/USD and set a take profit at 1,3150.
- Add a stop-loss at 1,3300.
- Duration: 1-2 days.
Forex Signal For GBP/USD: More Sells Expected as Cases Increase.
Bull Market Outlook
- Set a buy-stop at 1,3250 and a take profit at 1,3350.
- Add a stop-loss at 1,3150.
The GBP/USD pair fell on Monday morning as the number of COVID-19 cases in the UK continued and the market reflected the latest decisions from the Bank of England (BOE) and the Federal Reserve.
It is trading at 1,3237, which is about 1% below last week's high.
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