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Forex Signal GBP/USD: Bear Market Ahead of Busy Fiscal Week

Forex Signal GBP/USD: Bear Market Ahead of Busy Fiscal Week Forex Signal GBP/USD: Bear Market Ahead of Busy Fiscal Week

Forex Signal GBP/USD: Bear Market Ahead of Busy Fiscal Week
Yazar: Ross Sutton

Yayınlanma: 27 Eylül 2021 13:14

Güncellenme: 12 Kasım 2024 01:16

Forex Signal GBP/USD: Bear Market Ahead of Busy Fiscal Week

      Forex Signal GBP/USD: Bear Market Ahead of Busy Fiscal Week The pair will likely pull back later this week as the bears are targeting the key support at 1,3600.    

Bear Market Outlook

 
  • Sell ​​GBP/USD and set a take profit at 1,3550.
  • Add a stop-loss at 1,3750.
  • Timetable: 1-2 days.
 

Forex Signal GBP/USD: Bear Market Ahead of Busy Fiscal Week

 

Bull Market Outlook

 
  • Set a buy-stop at 1,3700 and a take profit at 1,3750.
  • Add a stop-loss at 1,3650.
  The GBP/USD price has been down for three weeks as traders reflect on the latest Bank of England (BOE) and Federal Reserve interest rate decisions. It is trading at 1,3675, a few points below last week's high of 1,3750.   gbpusd-27092021  

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