Forex Signal For GBP/USD: Uptrend Before US Data
Forex Signal for GBP/USD: Uptrend Before US Data
The
GBP/USD pair rally is expected to continue as the bulls target the next key resistance level at 1,3900.
Bull Market Outlook
- Sell GBD/USD to take a profit at 1,3900.
- Add a stop-loss at 1,3700.
- Timetable: 1-2 days.
Bear Market Outlook
- Set a buy-stop at 1,3780 and a take profit at 1,3600.
- Add a stop-loss at 1,3850.
The GBP/USD pair has reached its highest level for more than a week ahead of the latest US consumer confidence data and the Federal Reserve rate decision. The pair rose to 1,3820, about 1,83 % above last week's low.
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