Forex Signal For GBP/USD: The Sterling Is Stuck In A Very Important Support
Forex Signal For GBP/USD: The Sterling Is Stuck In A Very Important Support
Further downside is expected if the price drops below the support level at 1,2980, this month low.
Bear Market View
- Set a sell-stop to 1,2970 and take a profit to 1,2900.
- Add a stop-loss to 1,3050.
- Timeline: 1-2 days,
Forex Signal For GBP/USD: The Sterling Is Stuck In A Very Important Support
Bull Market Outlook
- Set a buy-stop 1,3020 and take a profit 1,3100
- Add a stop-loss to 1,2950.
Investors are at a significant level of support and trading in this year’s lowest level of 1,300, with the
GBP/USD parity being traded at a significant level of support reflecting the IMF’s strong warning of the US economy.
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