Forex Signal For GBP/USD: Probable Bear Market Breakout When Freedom To Travel Arises
Forex Signal For GBP/USD: Probable Bear Market Breakout When Freedom To Travel Arises
While the outlook is neutral, there is a possibility of a bearish bias ahead of upcoming UK inflation data.
Bear Market Outlook
- Sell the GBP/USD pair and take a profit at 1,2150.
- Add a stop-loss at 1,2320.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Probable Bear Market Breakout When Freedom To Travel Arises
Bull Market Outlook
- Set a buy stop at 1,2300 and a take profit at 1,2400.
- Add a stop-loss at 1,2195.
GBP/USD is trading sideways at 1,2241, a few points above Monday's low as investors refocus on UK consumer and producer inflation data scheduled for Wednesday.
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