Forex Signal For GBP/USD: Sterling Situation Before UK Inflation Data
Forex Signal For GBP/USD: Sterling Situation Before UK Inflation Data
The picture for the pair is bearish ahead of the upcoming UK inflation data and the Fed chair's statement.
Bear Market Outlook
- Sell the GBP/USD pair and take a profit at 1,2150.
- Add a stop-loss at 1,2350.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Sterling Situation Before UK Inflation Data
Bull Market Outlook
- Set a buy stop at 1,2295 and a take profit at 1,2350.
- Add a stop-loss at 1,2200.
GBP/USD price remained consolidated as investors await UK consumer and producer inflation data and reacted moderately to the continuing strike of rail workers. It was trading at 1,2271 on Wednesday morning.
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