GBP/USD Forex Signal: Strong Price Explosion to Follow?

Mohammed Shalaby

The GBP/USD pair is trading within a very volatile range, so we should be careful when trading the GPD/USD pair as a price explosion north or south is imminent.

After reviewing yesterday’s GBP/USD Forex signals report, we found that the buy and sell orders referred to were not activated.

Short ​​trade ideas

The best short strategy today is from the following levels 1.3441, 1.3500, and 1.3530.

  • Place the stop loss in the short strategy specifically at 1.3540.

  • Collect profits at an average of 30 to 50 pips from each level.

  • Stop loss is moved to the entry point when making 20 pips.

Long trade ideas

The best long strategy today is from the following levels 1.3140, 1.3100.

  • Place the stop loss at the 1.3090 level.

  • Collect profits at an average of 30 to 50 pips from each level.

  • Stop loss is moved to the entry point when making 20 pips.

Money management strategy

Use 1% to 2% of your portfolio value in each trade and distribute this percentage across the stop loss points.

GBP/USD Technical Analysis

The situation in the currency trading market is still the same as the buy and sell orders we referred to earlier were not activated. Accordingly, these buying and selling opportunities are still present and effective. The GBP/USD pair is poised to exit the bullish triangle pattern, as it nearly reached a point of fluctuation in a very weak wide range.

The GBP/USD pair is trading within a very volatile range, so we should be careful when trading the GBP/USD pair as a price explosion north or south is imminent.

The best intraday long target is 1.3140, 1.3100.

The best-selling levels in the intraday are considered at 1.3500, 1.3530.

GBP/USD

GBP/USD Fundamental analysis

There is no important information or reports issued today about the pound or the US dollar, as it is the American holiday of Thanksgiving.

Mohammed Shalaby
Mohammed Shalaby is an experienced Forex trader and has been involved in the Forex, stocks and options markets since 2008.

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