Forex Signal For GBP/USD: Signals Showing The Retreat
Forex Signal For GBP/USD: Signals Showing The Retreat
Due to the reversal pattern, the pair will likely continue to maintain its downtrend.
Bear Market Outlook
- Set to take a sell-stop at 1,3650 and a profit at 1,3550.
- Add a stop-loss at 1,3750.
- Timetable: 1-3 days.
Forex Signal For GBP/USD: Signals Showing The Retreat
Bull Market Outlook
- Buy GBP/USD and set to take a profit at 1,3900.
- Add a stop-loss at 1,3650.
GBP/USD price was little changed in the overnight session as the focus was on the virtual Jackson Hole peak. Strong US economic numbers played a role in the pair, and it is trading at 1,3745, above 1,3600 last week's low.
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