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Forex Signal For GBP/USD: Sterling's Downtrend to Continue

Forex Signal For GBP/USD: Sterling's Downtrend to Continue Forex Signal For GBP/USD: Sterling's Downtrend to Continue

Forex Signal For GBP/USD: Sterling's Downtrend to Continue
Yazar: Ross Sutton

Yayınlanma: 11 Ekim 2022 17:04

Güncellenme: 7 Kasım 2024 19:16

Forex Signal For GBP/USD: Sterling's Downtrend to Continue

    Forex Signal For GBP/USD: Sterling's Downtrend to Continue   On Monday, Chancellor Kwarteng announced that he will push forward his debt-cutting plan by October 31st. The plan will show how it plans to fill a financial gap of more than £40 billion.  

Bear Market Outlook

 
  • Sell ​​GBP/USD and take a profit at 1,0700.
  • Add a stop-loss at 1,1200.
  • Timetable: 1-2 days.
 

Forex Signal For GBP/USD: Sterling's Downtrend to Continue

 

Bull Market View

 
  • Set a buy stop at 1,1125 and a take profit at 1,1250.
  • Add a stop-loss at 1,1050.
  GBP/USD fell to 1,1066, its lowest level since September 30 this year, as the Bank of England (BoE) tried to calm the market as it came under pressure in the night session. It's down more than 3% from its highest level this month.   gbpusd_11102022_cryspus  

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