2024-12-16 16:21
IndustryGBP/USD: Trading Strategy and Outlook
Recent Price Action
GBP/USD has declined as expected. If the pair breaks below 1.26, it may pave the way for further downside towards 1.25.
Short-Term Outlook
The current range between 1.2750-1.2700 and 1.2450 is likely to persist in the near term.
Trading Strategy
Sell Entry: Consider selling at the upper boundary of the 1.27–1.255 range.
Stop Loss: Set a strict stop loss at 30 points.
Target: Aim for the lower boundary of the range.
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GBP/USD: Trading Strategy and Outlook
Hong Kong | 2024-12-16 16:21
Recent Price Action
GBP/USD has declined as expected. If the pair breaks below 1.26, it may pave the way for further downside towards 1.25.
Short-Term Outlook
The current range between 1.2750-1.2700 and 1.2450 is likely to persist in the near term.
Trading Strategy
Sell Entry: Consider selling at the upper boundary of the 1.27–1.255 range.
Stop Loss: Set a strict stop loss at 30 points.
Target: Aim for the lower boundary of the range.
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