Forex Signal For GBP/USD: Sterling Accelerates in a Bearish Trend.
Forex Signal For GBP/USD: Sterling Accelerates in a Bearish Trend.
The outlook for the pair is bearish with the next key support at 1,2350
Bear Market Outlook
- Sell GBP/USD and take a profit at 1,3550.
- Add a stop-loss at 1,2600.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Sterling Accelerates in a Bearish Trend.
Bull Market Outlook
- Set a buy-stop at 1,2525 and a take profit at 1,2625.
- Add a stop-loss at 1,2450.
The GBP/USD pair pulled back, signaling the end of the recent recovery trading, while the pair fell to 1,2454 as the Fed began implementing its quantitative tightening program and investors took positions for upcoming jobs data.
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