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Forex Signal For GBP/USD: Recovery Rally Has More Space to Execute

Forex Signal For GBP/USD: Recovery Rally Has More Space to Execute Forex Signal For GBP/USD: Recovery Rally Has More Space to Execute Forex

Forex Signal For GBP/USD: Recovery Rally Has More Space to Execute
Yazar: Ross Sutton

Yayınlanma: 24 Ağustos 2021 10:08

Güncellenme: 23 Nisan 2024 15:08

Forex Signal For GBP/USD: Recovery Rally Has More Space to Execute

    Forex Signal For GBP/USD: Recovery Rally Has More Space to Execute   This relief rally means the pair is likely to continue its downtrend as it becomes part of a breakout-retest approach.  

Bear Market Outlook

 
  • Set a sell limit at 1,3750 (bottom of descending channel).
  • Set profit at 1,3650 and add stop-loss at 1,3850.
  • Timetable: 2 days.
 

Forex Signal For GBP/USD: Recovery Rally Has More Space to Execute

Bull Market Outlook

 
  • Set a buy-stop at 1,3785 and a take profit at 1,3850.
  • Add a stop-loss at 1,3700.
  GBP/USD price skyrocketed on Monday as risk-taking sentiment spread in the financial market. The pair is trending higher to 1,3724 from last week's low of 1,3600.   British_coinage_reverse_designs_2015  

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