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GBP/USD Trade.

GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. The value here tells traders how many US Dollars are needed to buy a British Pound. A Pound-Dollar is one of the world's oldest and most widely traded currency pairs. You can follow the live GBP/USD rate with the chart and stay up to date with Pound-Dollar news and analysis. You can plan your trades with the GBP/USD forecast factors moving averages, pivot points data, and support and resistance levels. The panic we saw in the cable from Friday thru early Sunday trade took it down below the 1985 low and flushed it convincingly. The recovery bounce unfolded in the manner that I outlined earlier this week – pullback, higher-low, then rip again to take back the panic portion of the down-move, which meant back to the 11200s. A day after touching historic lows on Monday of last week, as investment houses reacted in fear to the new economic mandates heralded by the Liz Truss-led U.K government, something not so surprising happened. During the week value recovered higher, and the GBP/USD currency pair finished the week with sincere upwards momentum. Trade Position. I trade in GBP/USD today. The GBP/USD market trend is looking downward. It sells my trade at 1.1148 with a lot size of 0.90. Now my transaction is running in a profit of 10.08 dollars. I hope I will get a good profit from this trade.

Exchange Rate.

Trade Close. Now I stop my GBP/USD trade at 1.1127 and have a profit of 19.26 dollars from this trade. The GBP/USD price is moving the market trend downward.

Take Profit = 19.26