Forex Signal For GBP/USD: Pound Selling Continues.
Forex Signal For GBP/USD: Pound Selling Continues.
The pair will likely continue to decline as the Bear Market targets the 50% retracement level at 1,3500.
Bear Market Outlook
- Sell GBP/USD and set a take profit at 1,3500.
- Add a stop-loss at 1,3650.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Pound Selling Continues.
Bull Market Outlook
- Set a buy-stop at 1,3600 and a take profit at 1,3680.
- Add a stop-loss at 1,3540.
GBP/USD has been falling for the past three days as it is under heavy pressure.
It is trading at 1,3580, below 1,25% last week's high. The current price is at its lowest level since December.
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