Forex Signal For GBP/USD: Sterling Could Drop to 1,3100.
Forex Signal For GBP/USD: Sterling Could Drop to 1,3100.
The pair will likely continue to decline as the bears target the main support at 1,3100.
Bear Market Outlook
- Sell GBP/USD and set a take profit at 1,3100.
- Add a stop-loss at 1,3300.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Sterling Could Drop to 1,3100.
Bull Market Outlook
- Set a buy-stop at 1,3300 and a take profit at 1,3400.
- Add a stop-loss at 1,3250.
The GBP/USD pair fell to 1,3200, its lowest level since December 7, 2020, under pressure during the American and Asian sessions amid growing concerns over the new Omicron variant.
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