Forex Signal for GBP/USD: Uptrend at 1,400!
Forex Signal for GBP/USD: Uptrend at 1,400!
The pair will likely continue to rise as the bulls target resistance at 1,400, which is almost 1% above the current level.
Bull Market Outlook
- Buy GBP/USD to make a profit at 1,4000.
- Add a stop-loss at 1,3785.
- Timetable: 1-2 days.
Forex Signal for GBP/USD: Uptrend at 1,400!
Bear Market Outlook
- Take a sell-stop at 1,3820 and a profit at 1,3750.
- Add a stop-loss at 1,3900.
The
GBP/USD pair rallied against the US dollar as investors reacted to news of the UK reopening and relatively strong Service and Composite PMI data. The pair climbed to 1,3876 levels, 1% higher than last week's low.
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