Forex Signal For GBP/USD: The Environment Before Final Pullback Is Wider
Forex Signal For GBP/USD: The Environment Before Final Pullback Is Wider
According to S&P, the services PMI rose from 43,7 to 49,3, while the ISM non-manufacturing PMI dropped slightly to 59,1. These numbers point to further tightening by the Federal Reserve.
Bull Market Outlook
- Set a buy stop at 1.1480 and a take profit at 1.1800.
- Add a stop-loss at 1.1100.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: The Environment Before Final Pullback Is Wider
Bear Market Outlook
- Take a sell stop at 1,1180 and a profit at 1,1050.
- Add a stop-loss at 1,1250.
GBP/USD price pulled back sharply after the recent rally took a breather and dropped to 1,1228 in the nighttime session after surging to 1,1496 on Tuesday.
It remains significantly above 1,0355 last week's low.
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