Forex Signal For GBP/USD: Uptrend to 1,2600 on Bottoming Trends.
Forex Signal For GBP/USD: Uptrend to 1,2600 on Bottoming Trends.
The pair is likely to retest support at 1,2400 and then expand its gains.
Bull Market Outlook
- Buy the GBP/USD pair and take a profit at 1,2600.
- Add a stop-loss at 1,2355.
- Timetable: 1 day.
GBP/USD Forex Signal: Uptrend to 1,2600 on Bottoming Trends.
Bear Market Outlook
- Stop a sell at 1,2400 and take a profit at 1,2350.
- Add a stop-loss at 1,2500.
The GBP/USD pair found support at its lowest level since May 2020 after strong UK jobs numbers, while it rose to 1,2495 from this week's low of 1,2170.
The focus is now shifting to upcoming UK inflation data.
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