Forex Signal For GBP/USD: Drop Below Support Shows 1,3200.
Forex Signal For GBP/USD: Drop Below Support Shows 1,3200.
GBP/USD price continued its free fall as investors reacted to the relatively strong economic data from the US.
Bear Market Outlook
- Sell the GBP/USD pair and set a take profit at 1,3250.
- Add a stop-loss at 1,3400.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Drop Below Support Shows 1,3200.
Bull Market Outlook
- Set a buy-stop at 1,3350 and a take profit at 1,3450.
- Add a stop-loss at 1,3250.
The GBP/USD price continued its free fall as investors reacted to the relatively strong economic data from the US, fueling the sentiment that the Federal Reserve will be relatively hawkish going forward.
It is trading at 1,3335, the lowest level since December last year.
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