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Forex Signal For GBP/USD: Possible Short Relief Observed.

Forex Signal For GBP/USD: Possible Short Relief Observed. Forex Signal For GBP/USD: Possible Short Relief Observed.

Forex Signal For GBP/USD: Possible Short Relief Observed.
Yazar: Ross Sutton

Yayınlanma: 14 Haziran 2022 16:21

Güncellenme: 8 Kasım 2024 06:41

Forex Signal For GBP/USD: Possible Short Relief Observed.

    Forex Signal For GBP/USD: Possible Short Relief Observed.   The GBP/USD pair has been in a strong downtrend for the past few weeks.  

Bull Market Outlook

 
  • Buy the GBP/USD pair and take a profit at 1,2300.
  • Add a stop-loss at 1,2050.
  • Timetable: 1-2 days.
 

Forex Signal For GBP/USD: Possible Short Relief Observed.

 

Bear Market Outlook

 
  • Stop a sell at 1,2120 and take a profit at 1,2050.
  • Add a stop-loss at 1,2250.
  The strength of the US dollar pushed the GBP/USD price to the lowest level since May 2020. It dropped to 1,2127, which is about 4,2% below this month's high. During this time, not only the GBP, but also other currencies such as the Japanese yen and Euro depreciated against the dollar.   gbpusd-june1422-crispus  

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