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Forex Signal For GBP/USD: Sterling Recovery Reaches Main Resistance

Forex Signal For GBP/USD: Sterling Recovery Reaches Main Resistance Forex Signal For GBP/USD: Sterling Recovery Reaches Main Resistance

Forex Signal For GBP/USD: Sterling Recovery Reaches Main Resistance
Yazar: Ross Sutton

Yayınlanma: 5 Temmuz 2022 14:05

Güncellenme: 8 Kasım 2024 04:33

Forex Signal For GBP/USD: Sterling Recovery Reaches Main Resistance

    Forex Signal For GBP/USD: Sterling Recovery Reaches Main Resistance The pair will likely continue to decline as the Bear Market targets 1,2000 as the key resistance.  

Bear Market View

 
  • Sell ​​the GBP/USD pair and profit at 1,200.
  • Add a stop-loss at 1,2200.
  • Timetable: 1-2 days.
 

Forex Signal For GBP/USD: Sterling Recovery Reaches Main Resistance

 

Bull Market View

 
  • Set a buy-stop at 1,2166 and a take profit at 1,2250.
  • Add a stop-loss at 1,2100.
GBP/USD price continued in the consolidation phase as investors await the announcement from the Bank of England Andrew Bailey and the release of the country's financial stability report. The pair is trading at 1,2100, just below Monday's high of 1,2166.   gbpusd-crispus-05072022  

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