Forex Signal For GBP/USD: Pound Break and Retest Expected
Forex Signal For GBP/USD: Pound Break and Retest Expected
The pair will likely retest the key resistance at 1.300 and then continue the downtrend in the coming days.
Bull Market Outlook
- Buy GBP/USD and make a profit of 1,3000.
- Add a stop-loss at 1,2800.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Pound Break and Retest Expected
Bear Market Outlook
- Take a sell-stop at 1,2830 and a profit at 1,2750.
- Add a stop-loss at 1,2900.
GBP/USD fell to its lowest level since September 2020 to 1,2838, roughly 10% below last year's high, as investors predicted the Bank of England (BOE) to be more cautious in the coming months.
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