Forex Signal For GBP/USD: Relief Recovery May Happen Soon.
Forex Signal For GBP/USD: Relief Recovery May Happen Soon.
As the pair continues to decline, there is a possibility that a relief rally will take place as investors rush to buy the dips.
Bull Market Outlook
- Set a buy-stop at 1,3460 and a take profit at 1,3600.
- Add a stop-loss at 1,3400.
- Timetable: 2 days.
Forex Signal For GBP/USD: Relief Recovery May Happen Soon.
Bear Market Outlook
- Set a sell-stop at 1,3400 and a take profit at 1,3300.
- Add a stop-loss at 1,3500.
The
GBP/USD pair fell to its lowest level since December amid rising risks of UK economic stagflation, with the pair slipping to 1,3412, 3,62% below this month's high.
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