Forex Signal For GBP/USD: Sterling Still Stuck in Narrow Range
Forex Signal For GBP/USD: Sterling Still Stuck in Narrow Range
The parity will probably continue to consolidate today. The key levels of support and resistance are expected to be 1,300 and 1,3200, respectively.
Bear Market View
- Sell GBP/USD and profit up to 1,3050
- Add a stop-loss to 1,3165.
- Timeline: 1-2 days.
Forex Signal For GBP/USD: Sterling Still Stuck in Narrow Range
Bull Market View
- One buy-stop on 1,3130 and a profit on 1,3200.
- Add a stop-loss to 1,3050.
On Tuesday morning, investors continue to assess the impact of the ongoing war in Ukraine, with British pounds/US dollars in a narrow range, at the level of 1,3100 that they have been in the past few days.
The price is about 1,5% lower than the highest score in mid-March.
You may also be interested in:
Forex Signal For AUD/USD: Pairs Rise With RBA Ratio Announcement