Forex Signal For GBP/USD: Repeat of Highest Level Per Week Appears Possible
Forex Signal For GBP/USD: Repeat of Highest Level Per Week Appears Possible
It will likely continue the most optimistic trend and will probably reach the highest level weekly, at 1,3298.
Bull Market View
- Buy a pair of British pounds/American dollars and make a profit of 1,3300 pounds.
- Add a stop-loss to 1,3100.
- Timeline: One or two days.
Forex Signal For GBP/USD Repeat of Highest Level Per Week Appears Possible
Bear Market View
- Set the sales-stop to 1,3167 and the buyer-profit to 1,3100.
- Add a stop-loss to 1,3250.
Even after Britain published powerful consumer and producer price index data, the pair of British pounds per dollar was operating slightly below this week's maximum of 1,300.
The two are about 1,50% above the lowest level this month.
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