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Forex Signal For GBP/USD: Sells Up Before FOMC.

Forex Signal For GBP/USD: Sells Up Before FOMC. Forex Signal For GBP/USD: Sells Up Before FOMC. Forex Signal For GBP/USD: Sells Up

Forex Signal For GBP/USD: Sells Up Before FOMC.
Yazar: Ross Sutton

Yayınlanma: 15 Haziran 2022 13:06

Güncellenme: 15 Kasım 2024 15:13

Forex Signal For GBP/USD: Sells Up Before FOMC.

    Forex Signal For GBP/USD: Sells Up Before FOMC.   The pair will likely experience a relief rally ahead of the Fed decision and then continue its bearish bias ahead of the BOE.  

Bear Market View

 
  • Sell ​​the GBP/USD pair and take profit at 1,1850.
  • Add a stop-loss at 1,2050.
  • Timetable: 1 day.
 

Forex Signal For GBP/USD: Sells Up Before FOMC.

 

Bull Market Outlook

 
  • Set a stop buy at 1,1980 and take a profit at 1,2050.
  • Add a stop-loss at 1,1900.
GBP/USD price continued to sell significantly, as stagflation risks persisted in the UK. The pair is on a bearish path for the third week in a row, dropping to 1,1950, its lowest level since March 2020. Also, the pound fell more than 16% from its May 2021 high.   gbpusd-crispus-15062022 (2)  

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