Forex Signal For GBP/USD: Sterling Supports at 1,2200
Forex Signal For GBP/USD: Sterling Supports at 1,2200
The pair will continue to decline as it retests resistance at 1,2414, forming a breakout and retest pattern.
Bear Market View
- Set a point of sale at 1,230 and take a profit at 1,200.
- Add a stop-loss at 1,2400.
- Timeline: 1-2 days.
Forex Signal For GBP/USD: Sterling Supports at 1,2200
Bull Market View
- Set up a buy stop at 1,2415 and take a profit at 1,250.
- Add a stop-loss to 1,2350.
While the greenback continued to strengthen, the
GBP/USD pair tried to crawl back during the American session, while the pair was up at 1,2347, 0,68% above Monday's 1,268 low.
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