Forex Signal For GBP/USD: Sterling Looks Down Before FOMC Decision.
Forex Signal For GBP/USD: Sterling Looks Down Before FOMC Decision.
The
GBP to USD price has pulled back as the momentum from the past week has faded.
Bear Market Outlook
- Sell the GBP/USD pair and take profit at 1,1360.
- Add a stop-loss at 1,1550.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Sterling Looks Down Before FOMC Decision.
Bull Market Outlook
- Set a buy stop at 1,1558 and a take profit at 1,1650.
- Add a stop-loss at 1,1450.
GBP/USD price slumped slightly ahead of the upcoming Fed and BoE decisions and fell to 1,1458, about 2% below last week's high.
Still, this price is about 10% above September lows.
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