Forex Signal For GBP/USD: Not Adversely Affected Outlook Holds Firm Ahead of UK Data.
Forex Signal For GBP/USD: Not Adversely Affected Outlook Holds Firm Ahead of UK Data.
The pair is likely to continue its downtrend as bears target the second support at 1,3670.
Bear Market Outlook
- Sell GBP/USD and set to take a profit at 1,3670.
- Add a stop-loss at 1,3850.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Not Adversely Affected Outlook Holds Firm Ahead of UK Data.
Bull Market Outlook
- Set a buy-stop at 1,3840 (pivot point).
- Take profit at 1,3950 and add stop-loss at 1,3750.
GBP/USD price rallied in the overnight session as the market was reflected in a statement by the Bank of England (BOE) governor Andrew Bailey and the Federal Reserve Beige Book.
The pair climbed to 1,3780 and broke above this week's low of 1,3727.
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