Forex Signal For GBP/USD: No End in Sight for Sterling's Return
Forex Signal For GBP/USD: No End in Sight for Sterling's Return
The
GBP/USD price rose as investors reflected strong employment numbers, while the economy added 263,000 jobs in November as the labor market resumed, according to the Bureau of Labor Statistics (BLS).
Bull Market Outlook
- Buy GBP/USD and profit at 1,3000.
- Add a stop-loss at 1,1950.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: No End in Sight for Sterling's Return
Bear Market Outlook
- Set a sell stop at 1,1980 and a take profit at 1,1900.
- Add a stop-loss at 1,2050.
GBP/USD price rose to its highest level since June 27 as the US dollar continued to weaken, reaching 1,2285, which is about 18.8% above this year's low.
It also jumped after the relatively strong US jobs data.
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