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Forex Signal For GBP/USD: This Sell Looks Overdone

Forex Signal For GBP/USD: This Sell Looks Overdone

Forex Signal For GBP/USD: This Sell Looks Overdone
Yazar: Ross Sutton

Yayınlanma: 18 Ağustos 2021 12:58

Güncellenme: 24 Aralık 2024 21:35

Forex Signal For GBP/USD: This Sell Looks Overdone

  Forex Signal For GBP/USD: This Sell Looks Overdone   The GBP/USD pair will likely rebound due to the inverted H&S pattern.  

Bull Market Outlook

 
  • Set a buy-stop at 1,3800 and a take profit at 1,3900
  • Add a stop-loss at 1,3700.
  • Timetable: 2 days.
 

Forex Signal For GBP/USD: This Sell Looks Overdone

 

Bear Market Outlook

 
  • Set a sell-stop at 1,3700 and a take-profit at 1,3600
  • Add a stop-loss at 1,3800.
  GBP/USD price dropped below a key support level ahead of July UK consumer price index (CPI) data. The pair slumped to 1,3730, its lowest level since July 23.   gbpusd_crispus_18082021  

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