Forex Signal For GBP/USD: The parity is seeing an increase in value well above 1,2085.
Forex Signal For GBP/USD: The parity is seeing an increase in value well above 1,2085.
The pair will likely continue to rise as long as the bulls aim the next key resistance at 1,2200.
Bull Market Outlook
- Stop a buy at 1,2085 and take a profit at 1,2200.
- Add a stop-loss at 1,2000.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: The parity is seeing an increase in value well above 1,2085.
Bear Market Outlook
- Stop a sell at 1,1960 and take a profit at 1,1850.
- Add a stop-loss at 1,2050.
GBP/USD remained relatively good Wednesday morning as investors refocused on the Fed's decision and the IMF's warning on the UK economy, with the pair trading at 1,2034, just below this week's high of 1,2085.
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