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.
You may also be interested in: