Forex Signal For GBP/USD: Relentless Rally Continues.
Forex Signal For GBP/USD: Relentless Rally Continues.
The pair will likely continue to rise as the bull market targets the key resistance level at 1,3700, which is along the 78,6% Fibonacci retracement level.
Bull Market Outlook
- Buy GBP/USD and take a profit at 1,3700.
- Add a stop-loss at 1,3492.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Relentless Rally Continues.
Bear Market Outlook
- Set a sell-stop at 1,3530 and add a take-profit at 1,3450.
- Add a stop-loss at 1,3600.
GBP/USD rose to its highest level since Nov. 9 amid rising expectations for a more hawkish Bank of England (BOE). The pair is up more than 3% from its December low.
This makes sterling the best performing currency in the G10.
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