Forex Signal For GBP/USD: On Top of a Bullish Breakout.
Forex Signal For GBP/USD: On Top of a Bullish Breakout.
The pair will likely continue to rise as the bulls target the upper end of the flag pattern at 1,3672.
Bull Market Outlook
- Buy GBP/USD and chase a gain at 1,3700.
- Add a stop-loss at 1,3565 (bottom of the bullish flag).
- Timetable: 1-2 days.
Forex Signal For GBP/USD: On Top of a Bullish Breakout.
Bear Market Outlook
- Set a sell-stop at 1,3565 and take profit at 1,3500
- Add a stop-loss at 1,3630.
The
GBP/USD pair rebounded as the market reacted to strong UK GDP and American consumer inflation figures released on Wednesday, pushing the pair to 1,3647, which is relatively higher from 1,3570 this week's low.
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