Forex Signal For GBP/USD: Possibility of Collapse to 1,1300 Cannot be Excluded
Forex Signal For GBP/USD: Possibility of Collapse to 1,1300 Cannot be Excluded
The
GBP/USD pair declined after the relatively strong US dollar. Image Data from the US, about the services sector did not clarify.
Bear Market View
- Sell the GBP/USD pair and take a profit at 1.1330.
- Add a stop-loss at 1,1600.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Possibility of Collapse to 1,1300 Cannot be Excluded
Bull Market Outlook
- Set a buy stop at 1,1600 and a take profit at 1,1700.
- Add a stop-loss at 1.1500.
GBP/USD fell to 1.1520 from a weekly high of 1,1607 as Lizz Truss became the UK's 56th prime minister and came under pressure after mixed US non-manufacturing PMI data.
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