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Forex Signal For GBP/USD: The Environment Before Final Pullback Is Wider

Forex Signal For GBP/USD: The Environment Before Final Pullback Is Wider Forex Signal For GBP/USD: The Environment Before Final Pullback Is

Forex Signal For GBP/USD: The Environment Before Final Pullback Is Wider
Yazar: Ross Sutton

Yayınlanma: 6 Ekim 2022 14:24

Güncellenme: 23 Aralık 2024 03:56

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.   gbpusd_06102022_cryspus  

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