GBP/USD Forex Signal: Bullish Momentum Will Accelerate.
GBP/USD Forex Signal: Bullish Momentum Will Accelerate.
The pair is likely to continue higher later today as the bulls are targeting the 50% retracement level at 1,3700.
Bull Market Outlook
- Buy GBP/USD and set a take profit at 1,3700.
- Add a stop-loss at 1,3545.
- Timetable: 1-2 days.
GBP/USD Forex Signal: Bullish Momentum Will Accelerate.
Bear Market Outlook
- Set aside a sell-stop at 1,3545 and a take-profit at 1,3450.
- Add a stop-loss at 1,3650.
The GBP/USD pair has been up for four days as investors rushed to buy the lows after last week's crash, with the pair trading at 1,3605, roughly 1.45% above last week's low.
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