Forex Signal For GBP/USD: Pound Pullback Will Continue In The Near Future
Forex Signal For GBP/USD: Pound Pullback Will Continue In The Near Future
The pair will likely continue to decline as long as the sellers aim the next key support level at 1,100.
Bear Market Outlook
- Sell the GBP/USD pair and take profit at 1,100.
- Add a stop-loss at 1,1200.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Pound Pullback Will Continue In The Near Future
Bull Market Outlook
- Set a buy stop at 1,1170 and a take profit at 1,1250.
- Add a stop-loss at 1,1050.
GBP/USD price fell to 1,1100, roughly 3,5% below last week's high, coming under heavy pressure ahead of key economic data from the UK and US.
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