GBP/USD Forex Signal: Bears in Control, Relief Rally Likely

Bearish view

  • Sell the GBP/USD pair and set a take-profit at 1.1750.
  • Add a stop-loss at 1.1900.
  • Timeline: 1-2 days.

Bullish view

  • Set a buy-stop at 1.1900 and a take-profit at 1.2000.
  • Add a stop-loss at 1.1800.

The GBP/USD price crashed to the lowest level since July as the US dollar rose across the board. It dropped to a low of 1.1830, which is much lower than this month’s high of 1.2288.

James Rogers

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