Forex Signal For GBP/USD: Possible Relief Rally Expected as Bears Take Control.
Forex Signal For GBP/USD: Possible Relief Rally Expected as Bears Take Control.
The pair will likely continue to decline as long as the sellers aim the next key support at 1,1750.
Bear Market Outlook
- Sell the GBP/USD pair and take profit at 1.1750.
- Add a stop-loss at 1.1900.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Possible Relief Rally Expected as Bears Take Control.
Bull Market Outlook
- Take a buy stop at 1,1900 and a profit at 1,2000.
- Add a stop-loss at 1,1800.
The GBP/USD price fell to its lowest level since July as the US dollar rallied overall, dropping to 1,1830, much lower than this month's high of 1,2288.
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