Forex Signal For GBP/USD: Trend Is Now Close Friend To You
Forex Signal For GBP/USD: Trend Is Now Close Friend To You
The path of least resistance is down and the next key level to watch is at 1,3600.
Bear Market Outlook
- Sell GBP/USD and set to take a profit at 1,3600.
- Add a stop-loss at 1,3700.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Trend Is Now Close Friend To You
Bull Market Outlook
- Set a buy-stop at 1,3700 and a take profit at 1,3800.
- Add a stop-loss at 1,3600.
GBP/USD sales gained momentum in the night session as global tensions over Evergrande and higher gas prices escalated. The pair dropped to 1,3656, its lowest level since August 23, with the price almost 2% below this month's high.
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