Forex Signal For GBP/USD: Renko Chart Indicates Continuation of the Uptrend.
Forex Signal For GBP/USD: Renko Chart Indicates Continuation of the Uptrend.
The pair also climbed above the March 20 low of 1,1490.
Bull Market Outlook
- Buy GBP/USD and take profit at 1,1950.
- Add a stop-loss at 1,1800.
- Timeline: 1 day.
GBP/USD Forex Signal: Renko Chart Indicates Continuation of the Uptrend.
Bear Market Outlook
- Set a sell stop at 1,1812 and a buy take profit at 1,1750.
- Add a stop-loss at 1,1900.
GBP/USD was trading sideways at 1,1880, slightly below this month's high of 1,2027, as the price has moved sideways in the past few days following a slew of mixed economic data and the UK's autumn announcement.
The pair is about 6,58% above this month's low.
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