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Forex Signal For GBP/USD: Shows Cautiously Optimistic Ahead of UK Inflation Data.

Forex Signal For GBP/USD: Shows Cautiously Optimistic Ahead of UK Inflation Data. Forex Signal For GBP/USD: Shows Cautiously Optimistic

Forex Signal For GBP/USD: Shows Cautiously Optimistic Ahead of UK Inflation Data.
Yazar: Ross Sutton

Yayınlanma: 14 Kasım 2022 17:45

Güncellenme: 14 Nisan 2024 00:34

Forex Signal For GBP/USD: Shows Cautiously Optimistic Ahead of UK Inflation Data.

    Forex Signal For GBP/USD: Shows Cautiously Optimistic Ahead of UK Inflation Data.   GBP/USD price continued to rise even after data showed the UK slipped into recession amid heightened risks.  

Bull Market Outlook

 
  • Buy the GBP/USD pair and take a profit at 1,1935.
  • Add a stop-loss at 1,1650.
  • Timetable: 1-2 days.
 

Forex Signal For GBP/USD: Shows Cautiously Optimistic Ahead of UK Inflation Data.

 

Bear Market Outlook

 
  • Take a sell stop at 1,1717 and a profit at 1,1590.
  • Add a stop-loss at 1,1850.
  The GBP/USD price remained bullish even after worrying economic data from the UK, jumping to 1,1850, its highest point since August of the year. The pair has risen more than 13% from its lowest level this year.   gbpusd_14112022_cryspus  

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