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Forex Signal For GBP/USD: Sterling Expected to Retest 1,2200 Ahead of BOE, FOMC.

Forex Signal For GBP/USD: Sterling Expected to Retest 1,2200 Ahead of BOE, FOMC. Forex Signal For GBP/USD: Sterling Expected to Retest

Forex Signal For GBP/USD: Sterling Expected to Retest 1,2200 Ahead of BOE, FOMC.
Yazar: Ross Sutton

Yayınlanma: 13 Haziran 2022 13:48

Güncellenme: 12 Kasım 2024 20:04

Forex Signal For GBP/USD: Sterling Expected to Retest 1,2200 Ahead of BOE, FOMC.

    Forex Signal For GBP/USD: Sterling Expected to Retest 1,2200 Ahead of BOE, FOMC. The pair will likely continue to decline as the Bear Market targets key support at 1,2200.  

Bear Market View

 
  • Sell ​​the GBP/USD pair and take profit at 1,2200.
  • Add a stop-loss at 1,2400.
  • Timetable: 1-2 days.
 

Forex Signal For GBP/USD: Sterling Expected to Retest 1,2200 Ahead of BOE, FOMC. 

Bull Market Outlook

 
  • Set a buy-stop at 1,2325 and a take profit at 1,2450.
  • Add a stop-loss at 1,2300.
The GBP/USD pair fell sharply to 1,2263, its lowest point since May 16, as the possibility of a more aggressive Federal Reserve persisted. It fell 2,8% below its high last week.   gbpusd-crispus-13062022

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