Forex Signal For GBP/USD: Rising Above 1.2020 Ahead of UK Jobs Data.
Forex Signal For GBP/USD: Rising Above 1.2020 Ahead of UK Jobs Data.
The pair will likely continue its uptrend as it retests the upper side of the channel.
Bull Market Outlook
- Set a stop buy at 1,2020 and take a profit at 1,2100.
- Add a stop-loss at 1,1890.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Rising Above 1.2020 Ahead of UK Jobs Data.
Bear Market Outlook
- Take a sell-stop at 1,1890 and a profit at 1,1800.
- Add a stop-loss at 1,2040.
GBP/USD held steady on Monday and Tuesday mornings as traders await data from the UK, climbing to 1,2032, its highest level since July 7th. It rose sharply from this week's low of 1,1763.
You may also be interested in: