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.
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