Bearish view

  • Set a sell-stop at 1.1900 and a take-profit at 1.1900.
  • Set a stop-loss at 1.2100.
  • Timeline: 1-2 days.

Bullish view

  • Set a buy-stop at 1.2090 and a take-profit at 1.2200.
  • Add a stop-loss at 1.2000.

The GBP/USD price wavered in the American and Asian sessions as investors reacted to the latest economic data from the UK and the FOMC minutes. It was trading at 1.2080 on Thursday morning, which was lower than this month’s high of 1.2287.

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