GBP/USD Forex Signal: Bearish Sentiment Ahead of UK Inflation Data

Bearish View

  • Set a sell limit at 1.1900 and a take-profit at 1.1760.
  • Add a stop-loss at 1.200.
  • Timeline: 1-2 days.

Bullish View

  • Set a buy-stop at 1.1890 and a take-profit at 1.1950.
  • Add a stop-loss at 1.1800.

The GBP/USD pair rose slightly ahead of the upcoming important economic data from the UK. Sterling rose to a high of 1.1870, the highest level since July 14th of this year. This price is about 1% above the lowest level this month.

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