Forex Signal for GBP/USD: Pair at Risk of Further Downfalls!
Forex Signal for GBP/USD: Pair at Risk of Further Downfalls!
The next key support will be at 1,3750, the pair will likely continue to decline!
Bear Market Outlook
- To take a profit at 1,3740, enter the GBP/USD pair sell.
- Add a stop-loss at 1,3900.
- Timetable: 1 day.
Forex Signal for GBP/USD: Pair at Risk of Further Downfalls!
Bull Market Outlook
- Set a buy-stop at 1,3850 and a take profit at 1,3950.
- Add a stop-loss at 1,3770.
The GBP/USD pair edged lower through the night session after a relatively dovish Jerome Powell statement. The pair dropped from Wednesday's high of 1,3910 to 1,3825.
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