Forex Signal For GBP/USD: Sterling Very Likely to Rise to 1,3500.
Forex Signal For GBP/USD: Sterling Very Likely to Rise to 1,3500.
The pair will likely rebound as investors predict a relatively resilient UK economy even as Omicron risks rise.
Bull Market Outlook
- Buy GBP/USD and take a profit at 1,3500.
- Add a stop-loss at 1,3300.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Sterling Very Likely to Rise to 1,3500.
Bear Market Outlook
- Set a sell-stop at 1,3300 and a take profit at 1,3200.
- Add a stop-loss at 1,3400.
The GBP/USD pair is little changed Monday morning, trading at 1,1335, a few points above this month's low, despite the UK's confirmation of the Omicron variant landing in the country.
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