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 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.