GBP/USD Forex Signal: Climb to 1.2400 Highly Likely

Bullish View

  • Set a buy-stop at 1.2292 and a take-profit at 1.2400.
  • Add a stop-loss at 1.2100.
  • Timeline: 2 days.

Bearish View

  • Set a sell-stop at 1.2163 and a take-profit at 1.2080.
  • Add a stop-loss at 1.2250.

The GBP/USD price jumped to the highest level since August 2nd after the latest American inflation data. It rose to a high of 1.2275, which was about 2.2% above the lowest level this month. It has risen by 5.2% from the year-to-date low.

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