Forex Signal For GBP/USD: Uptrend Looks Likely
Forex Signal For GBP/USD: Uptrend Looks Likely
The pair is likely on track to recover ahead of the latest US inflation and UK GDP data scheduled for this week.
Bull Market Outlook
- Buy GBP/USD and set to take a profit at 1,3985.
- Add a stop-loss at 1,3700.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Uptrend Looks Likely
Bear Market Outlook
- Take a sat-stop at 1,3830 and a profit at 1,3732.
- Add a stop-loss at 1,3930.
GBP/USD slumped after strong US jobs numbers released on Friday, with the pair slipping to 1,3862, its lowest level since July 28.
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