Forex Signal For GBP/USD: Sticks to Range with Bearish Market Trend.,
Forex Signal For GBP/USD: Sticks to Range with Bearish Market Trend.
The pair will likely stay in this range today after UK employment and US PPI data as investors focus on upcoming Fed and BOE decisions.
Bear Market Outlook
- Sell GBP/USD and set a take profit at 1,3150.
- Add a stop-loss at 1,3300.
- Timetable: 1 day.
Forex Signal For GBP/USD: Sticks to Range with Bearish Market Trend.
Bull Market Outlook
- Set a buy-stop at 1,3250 and a take profit at 1,3350.
- Add a stop-loss at 1,3150.
The GBP/USD pair was little changed on Tuesday morning ahead of the latest UK employment and US producer price index (PPI) data, trading at 1,3230 over the past few days.
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