Forex Signal For GBP/USD: Sterling Getting Oversold
Forex Signal For GBP/USD: Sterling Getting Oversold
It looks like the duo will likely start a recovery in the coming days as the bulls target the key resistance level at 1,2850
Bull Market View
- Buy GBP/USD and earn from 1,2825.
- Add a stop-loss to 1,2650.
- Timeline: One or two days.
Forex Signal For GBP/USD: Sterling Getting Oversold
Bear Market View
- Stop selling at 1,2690 and get a profit at 1,2600.
- Add a stop-loss to 1,2750.
As the U.S. dollar's strength continued, the GBP/USD price continued its striking trend, dropping below the lowest in 1,2738 — the lowest level since September 21st.
It has moved more than 10% from its highest point in May
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