Forex Signal For GBP/USD: Up More Than ADP Forecasts.
Forex Signal For GBP/USD: Up More Than ADP Forecasts.
The pair will likely continue to rise as the bull market targets the initial resistance level at around 1,3600.
Bull Market Outlook
- Buy the GBP/USD pair and take a profit at 1,3600.
- Add a stop-loss at 1,3500.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Up More Than ADP Forecasts.
Bear Market Outlook
- Sell the GBP/USD pair and set a take profit at 1,3500.
- Add a stop-loss at 1,3600.
GBP/USD price rose to a key resistance level of 1,3550 on 31 December after the UK government rejected additional Covid-19 restrictions.
It rose 2,85% from December lows.
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