Forex Signal For GBP/USD: Pattern Points For More Weakness Created.
Forex Signal For GBP/USD: Pattern Points For More Weakness Created.
The pair will likely continue to decline as the bears target the main support at 1,3700.
Bear Market Outlook
- Sell the GBP/USD pair and set to take profit at 1,3700.
- Add a stop-loss at 1,3830.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Pattern Points For More Weakness Created.
Bull Market Outlook
- Set a buy-stop at 1,3825 and a take profit at 1,3900.
- Add a stop-loss at 1,3750.
The GBP/USD pair selling, which started on Friday, accelerated in the night session as the US dollar rebounded. The pair dropped to 1,3768, its lowest level since September 1st.
That price was also around 0.90% below Friday's high.
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