Forex Signal For GBP/USD: Sterling Preparing to Drop to 1,3350.
Forex Signal For GBP/USD: Sterling Preparing to Drop to 1,3350.
The pair will likely continue to decline further as a bearish flag is usually a sign of a bearish trend.
Bear Market Outlook
- Sell the GBP/USD pair and take a profit at 1,3350.
- Add a stop-loss at 1,3520.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Sterling Preparing to Drop to 1,3350.
Bull Market Outlook
- Set a buy-stop at 1,3500 and a take profit at 1,3600.
- Add a stop-loss at 1,3400.
The GBP/USD pair has been in a tight range for the past few weeks, trading where it has been for the past few days at 1,3445, as investors ponder the potential convergence between the Fed and the Bank of England (BOE).
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