Forex Signal For GBP/USD: Sterling Struggles to Hold Significant Support.
Forex Signal For GBP/USD: Sterling Struggles to Hold Significant Support.
The pair will likely continue to decline with the next benchmark at 1,2900
Bear Market Outlook
- Sell the GBP/USD pair and set up a profit at 1,2900
- Add a stop loss at 1,3080.
- Timeline: One day.
Forex Signal For GBP/USD: Sterling Struggles to Hold Significant Support.
Bull Market Outlook
- At 1,3060, set up a buy stop and a profit at 1,3150.
- Add a stop loss at 1,2950.
GBP/USD is trading at 1,300 as it has been for the past few days as it remains under pressure ahead of upcoming UK consumer and producer inflation data.
This price is close to the lowest level of the duo since 2020.
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