Forex Signal For GBP/USD: Possibly Back Before Data
Forex Signal For GBP/USD: Possibly Back Before Data
The pair will remain in an uptrend as long as it is above the two moving averages.
Bull Market Outlook
- Set a buy-stop at 1,3852 and a take profit at 1,3950.
- Add a stop-loss at 1,3750.
- Timeline: 1-2 days
Forex Signal For GBP/USD: Possibly Back Before Data
Bear Market Outlook
- Set to take a sat-stop at 1,3800 and a profit at 1,3700.
- Add a stop-loss at 1,3850.
The
GBP/USD price tumbled in the night session as the effects of weak US employment figures waned.
The pair fell from 1,3891 to 1,3826 ahead of UK house price figures.
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