Bearish view
- Sell the GBP/USD pair and set a take-profit at 1.1750.
- Add a stop-loss at 1.1900.
- Timeline: 1-2 days.
Bullish view
- Set a buy-stop at 1.1900 and a take-profit at 1.2000.
- Add a stop-loss at 1.1800.
The GBP/USD price crashed to the lowest level since July as the US dollar rose across the board. It dropped to a low of 1.1830, which is much lower than this month’s high of 1.2288.