GBP/USD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Immediate resistance at $1.25601; next levels: $1.26142 and $1.26639.
- Support levels include $1.24349, $1.23624, and $1.23014.
- RSI at 48 and 50 EMA at $1.25028 highlight a neutral bias, with potential for breakout moves.
GBP/USD is trading at $1.24863, up 0.08% on the day, hovering just below the pivot point of $1.25034. The 4-hour chart highlights immediate resistance at $1.25601, followed by key levels at $1.26142 and $1.26639, indicating areas where bullish momentum may face challenges.
On the downside, immediate support is at $1.24349, with subsequent levels at $1.23624 and $1.23014, marking critical zones for potential bearish moves.
The RSI at 48 reflects neutral market sentiment, while the 50 EMA at $1.25028 is nearly aligned with the pivot point, suggesting a critical zone for price action.
A decisive break below $1.25029 could initiate selling pressure, with the first target at $1.24338. Conversely, a sustained move above $1.25601 may signal bullish momentum, targeting higher resistance levels.
Traders are advised to watch the $1.25034 pivot point closely. Selling below this level offers a favorable risk-to-reward setup, with a take-profit target of $1.24338 and a stop-loss at $1.25520.
However, a break above $1.25601 could attract buying interest, signaling potential upside toward $1.26142. Market participants should monitor economic releases and central bank statements for directional cues.
GBP/USD - Trade Ideas
Entry Price – Sell Below 1.25029
Take Profit – 1.24338
Stop Loss – 1.25520
Risk to Reward – 1: 1.4
Profit & Loss Per Standard Lot = +$691/ -$491
Profit & Loss Per Mini Lot = +$69/ -$49
GBP/USD Price Analysis – Jan 08, 2025
Daily Price Outlook
During the European trading session, the GBP/USD currency pair found a mild bid around the 1.2494 level. However, buyers struggled to gain any strong momentum amid the combination of factors including risk aversion, tepid UK retail sales, and dampened Fed rate cut expectations that has pressured the GBP/USD pair.
This leaves the pair struggling for momentum, likely keeping it range-bound unless stronger economic catalysts emerge to drive price action.
US Dollar Strengthens Amid Positive Economic Data and Fed's Hawkish Stance, Weighing on GBP/USD
On the US front, the broad-based US dollar gained traction and remains bullish as the US Dollar Index (DXY) stays above 108.50. The US Dollar saw a boost following a rise in the 10-year US Treasury bond yield, which climbed by over 1% to 4.67%.
This increase signals shifting investor sentiment around the Federal Reserve’s interest rate outlook, with expectations leaning toward higher rates for longer.
The positive economic data from the US also played a role. On the data front, the ISM Services PMI for November surged to 54.1, beating expectations of 53.3, with the Prices Paid Index rising sharply to 64.4, indicating inflation pressures.
Meanwhile, the ISM Manufacturing PMI improved slightly to 49.3 in December, signaling some stability in the manufacturing sector. These figures suggest that the US economy remains resilient, further supporting the dollar’s strength.
In contrast, concerns about future economic policies under President-elect Trump, such as potential tariffs, and the Fed’s cautious approach toward rate cuts in 2025, have added uncertainty. This combination of factors, including persistent inflation, makes traders wary.
For the GBP/USD pair, the strong US dollar, driven by these factors, is likely to keep pressure on the Pound, with the pair remaining sensitive to any shifts in US economic or Fed policy outlooks.
UK Retail Sales Growth Unable to Lift GBP Amid Risk Aversion and Economic Concerns
On the data front, UK Like-For-Like Retail Sales rose by 3.1% for the year ending in December, showing positive growth. However, this good news wasn't enough to support the GBP. Despite the retail sales increase, the Pound struggled to gain momentum as market sentiment shifted toward risk aversion.
The risk-off mood was driven by weaker global economic outlooks and growing concerns about potential inflationary pressures. This, in turn, caused investors to pull back from riskier assets, limiting the Pound's upside potential.
GBP/USD – Technical Analysis
GBP/USD is trading at $1.24863, up 0.08% on the day, hovering just below the pivot point of $1.25034. The 4-hour chart highlights immediate resistance at $1.25601, followed by key levels at $1.26142 and $1.26639, indicating areas where bullish momentum may face challenges.
On the downside, immediate support is at $1.24349, with subsequent levels at $1.23624 and $1.23014, marking critical zones for potential bearish moves.
The RSI at 48 reflects neutral market sentiment, while the 50 EMA at $1.25028 is nearly aligned with the pivot point, suggesting a critical zone for price action.
A decisive break below $1.25029 could initiate selling pressure, with the first target at $1.24338. Conversely, a sustained move above $1.25601 may signal bullish momentum, targeting higher resistance levels.
Traders are advised to watch the $1.25034 pivot point closely. Selling below this level offers a favorable risk-to-reward setup, with a take-profit target of $1.24338 and a stop-loss at $1.25520.
However, a break above $1.25601 could attract buying interest, signaling potential upside toward $1.26142. Market participants should monitor economic releases and central bank statements for directional cues.
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GBP/USD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Resistance Levels: Immediate resistance at $1.25601; further levels at $1.26142 and $1.26639 could come into play upon a breakout.
- Support Zones: Key support at $1.24089, with deeper levels at $1.23494 and $1.23014 if selling pressure intensifies.
- Momentum Indicators: RSI at 44 indicates weak momentum, while the price remains below the 50-day EMA at $1.25095, reinforcing a short-term bearish bias.
GBP/USD is trading at $1.24409, up 0.19% for the day as the pair shows signs of consolidation near its pivot point at $1.24787.
The 4-hour chart reflects cautious optimism, but the broader trend remains under pressure as the price trades below the 50-day EMA at $1.25095, signaling bearish momentum in the near term.
Immediate support is located at $1.24089, which is critical for maintaining stability. A break below this level could drive the pair lower toward $1.23494 and $1.23014, signaling deeper retracements.
Conversely, resistance stands at $1.25601, with additional barriers at $1.26142 and $1.26639. A breakout above $1.25601 could trigger a bullish move, but such a scenario remains contingent on a sustained push above the pivot point.
The Relative Strength Index (RSI) at 44 indicates weak momentum, leaning slightly toward bearish sentiment. This aligns with the broader technical outlook, suggesting that selling opportunities below the pivot may yield better risk-reward dynamics.
For intraday traders, selling below $1.24785, with a target of $1.24097, appears prudent, while a stop-loss at $1.25126 limits potential losses in case of a reversal.
GBP/USD - Trade Ideas
Entry Price – Sell Below 1.24785
Take Profit – 1.24097
Stop Loss – 1.25126
Risk to Reward – 1: 2
Profit & Loss Per Standard Lot = +$688/ -$341
Profit & Loss Per Mini Lot = +$68/ -$34
GBP/USD Price Analysis – Jan 06, 2025
Daily Price Outlook
During the European trading session, the GBP/USD currency pair has been gaining momentum, holding steady around the 1.2472 mark and reaching an intraday high of 1.2492.
The recent upward movement can largely be attributed to the ongoing recovery in the British Pound (GBP), as traders remain cautious about the US Dollar’s (USD) potential strength. Despite this, the upside for GBP/USD might be limited due to the hawkish stance from the Federal Reserve (Fed).
Federal Reserve has already reduced interest rates by one percentage point since September 2024 and is expected to slow down further rate cuts this year.
This continues to provide support for the USD. Investors will be keeping an eye on the upcoming speech from Fed Governor Lisa Cook later today, as her comments may offer more insights into the central bank's rate decisions moving forward.
Meanwhile, the Pound faces additional pressure from growing dovish expectations surrounding the Bank of England (BoE). The markets are now pricing in a 60 basis point interest rate cut by the BoE this year, up from 53 bps just a week ago.
These factors are weighing on the GBP, potentially limiting the scope for further recovery. As the day progresses, market participants will be closely watching both central banks for any updates that could shift the outlook for the GBP/USD pair.
BoE's Dovish Outlook and Its Impact on the Pound Sterling (GBP)
On the GBP front, the rising expectations for a more dovish stance from the Bank of England (BoE) could put pressure on the British Pound (GBP).
The market is now expecting nearly 60 basis points (bps) of interest rate cuts from the BoE this year, up from 53 bps in late December. This suggests that investors are becoming more cautious about the BoE's ability to support the Pound in the coming months.
Matthew Ryan, head of market strategy at Ebury, mentioned that BoE policymakers seem to be divided on the future path for UK interest rates.
This division reflects the complex situation in the UK economy. While consumer demand remains fragile, other factors, like the government's Autumn Budget and potential tariff proposals from Trump, are adding inflationary pressure, making it harder to find a clear direction.
These mixed signals from the BoE make the outlook for the Pound uncertain. While weaker consumer demand suggests a need for lower interest rates, inflationary concerns might prevent the central bank from acting too quickly.
As a result, the GBP could face challenges if investors continue to price in a slower pace of rate cuts or even potential rate cuts later this year.
GBP/USD – Technical Analysis
GBP/USD is trading at $1.24409, up 0.19% for the day as the pair shows signs of consolidation near its pivot point at $1.24787.
The 4-hour chart reflects cautious optimism, but the broader trend remains under pressure as the price trades below the 50-day EMA at $1.25095, signaling bearish momentum in the near term.
Immediate support is located at $1.24089, which is critical for maintaining stability. A break below this level could drive the pair lower toward $1.23494 and $1.23014, signaling deeper retracements.
Conversely, resistance stands at $1.25601, with additional barriers at $1.26142 and $1.26639. A breakout above $1.25601 could trigger a bullish move, but such a scenario remains contingent on a sustained push above the pivot point.
The Relative Strength Index (RSI) at 44 indicates weak momentum, leaning slightly toward bearish sentiment. This aligns with the broader technical outlook, suggesting that selling opportunities below the pivot may yield better risk-reward dynamics.
For intraday traders, selling below $1.24785, with a target of $1.24097, appears prudent, while a stop-loss at $1.25126 limits potential losses in case of a reversal.
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GBP/USD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Resistance Levels: Immediate resistance at $1.26068; higher targets at $1.26586 and $1.27292.
- Support Zones: Key support lies at $1.24776, with deeper levels at $1.24302 and $1.23889.
- Momentum Indicators: RSI at 38 highlights mildly oversold conditions; price remains below the 50 EMA at $1.25438, maintaining a bearish outlook.
GBP/USD is trading at $1.25048, down 0.30% as bearish momentum persists in the market. On the 4-hour chart, the pivot point at $1.25431 serves as a critical threshold for price action, with immediate resistance at $1.26068.
Further resistance levels are observed at $1.26586 and $1.27292, marking potential upside targets if sentiment shifts. On the downside, support is located at $1.24776, with additional levels at $1.24302 and $1.23889 providing safety nets against extended declines.
Technical indicators reflect bearish sentiment. The RSI stands at 38, signaling mildly oversold conditions that could prompt a corrective rebound. However, the pair is trading below its 50 EMA at $1.25438, reinforcing a bearish bias in the short term.
A decisive break below the $1.24776 support level could pave the way for deeper losses, potentially targeting $1.24302. Conversely, reclaiming the pivot point and breaking above $1.26068 resistance may reignite bullish momentum.
Traders should monitor the $1.25431 pivot point closely, as sustained trading below this level suggests continued downward pressure.
GBP/USD - Trade Ideas
Entry Price – Sell Below 1.25424
Take Profit – 1.24776
Stop Loss – 1.25891
Risk to Reward – 1: 1.3
Profit & Loss Per Standard Lot = +$648/ -$467
Profit & Loss Per Mini Lot = +$64/ -$46
GBP/USD Price Analysis – Jan 01, 2025
Daily Price Outlook
During the European trading session on Wednesday, the GBP/USD pair continued its upward momentum, trading around the 1.2523 level, with an intra-day high of 1.2526. This recent rise in the pair can be mainly attributed to a weaker US Dollar (USD), driven by lower US Treasury yields.
Meanwhile, the British Pound (GBP) might face some challenges ahead, especially given the ongoing geopolitical tensions. The Russia-Ukraine conflict and the rising uncertainties in the Middle East are keeping traders cautious.
On top of that, the Pound came under pressure as market participants slightly ramped up their bets on a more dovish Bank of England (BoE) stance for 2025. These factors may challenge the bullish trend for GBP in the near term.
US Dollar Weakness Supports GBP/USD Strength Amid Fed Caution and Lower Treasury Yields
On the US front, the broad-based US Dollar has been under pressure recently. This weakness comes as US Treasury bond yields have dropped by about 2%, with the 2-year and 10-year yields standing at 4.24% and 4.53%, respectively.
The decline in yields has made the US Dollar less attractive to investors, contributing to its subdued performance.
In addition, the Federal Reserve has signaled that it may take a more cautious approach to rate cuts in 2025. This shift in the Fed’s policy outlook adds more uncertainty, as investors are unsure about the direction of future monetary moves.
These factors have contributed to a weaker US Dollar, which in turn has supported the recent rise in other currencies like the British Pound.
Meanwhile, the ongoing uncertainty about future economic strategies, especially with the potential changes under the incoming Trump administration, is adding to the overall volatility in the markets.
Therefore, the weakness of the US Dollar, driven by lower Treasury yields and the Fed's cautious stance on rate cuts, has supported the GBP/USD pair. This has allowed the British Pound to strengthen against the Dollar, driving the pair higher.
British Pound Under Pressure Amid BoE Rate Cut Expectations and Geopolitical Risks
On the flip side, the British Pound has faced some pressure due to traders adjusting their expectations about the Bank of England’s (BoE) policy in 2025. Market predictions now suggest a potential interest rate cut of 53 basis points next year, slightly higher than the 46 basis points expected after the BoE’s December 19 policy meeting.
At that time, the BoE decided to keep rates steady at 4.75%, with a 6-3 vote split. This change in expectations reflects concerns about the UK economy, which could weigh on the Pound in the future.
Moreover, the risk-sensitive Pound faces further challenges due to rising geopolitical tensions. The ongoing Russia-Ukraine conflict and the instability in the Middle East, particularly the situation in Israel and Yemen, are increasing global uncertainty.
Israel’s warning to Yemen on Monday further escalated concerns, adding to the volatility in the markets. These geopolitical risks could negatively affect the Pound, as investors tend to avoid riskier assets in uncertain times, putting pressure on GBP.
GBP/USD – Technical Analysis
GBP/USD is trading at $1.25048, down 0.30% as bearish momentum persists in the market. On the 4-hour chart, the pivot point at $1.25431 serves as a critical threshold for price action, with immediate resistance at $1.26068.
Further resistance levels are observed at $1.26586 and $1.27292, marking potential upside targets if sentiment shifts. On the downside, support is located at $1.24776, with additional levels at $1.24302 and $1.23889 providing safety nets against extended declines.
Technical indicators reflect bearish sentiment. The RSI stands at 38, signaling mildly oversold conditions that could prompt a corrective rebound. However, the pair is trading below its 50 EMA at $1.25438, reinforcing a bearish bias in the short term.
A decisive break below the $1.24776 support level could pave the way for deeper losses, potentially targeting $1.24302. Conversely, reclaiming the pivot point and breaking above $1.26068 resistance may reignite bullish momentum.
Traders should monitor the $1.25431 pivot point closely, as sustained trading below this level suggests continued downward pressure.
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GBP/USD Price Analysis – Dec 30, 2024
Daily Price Outlook
During the Asian session on Monday, the GBP/USD continued its upward trend for the second day, trading around 1.2567 and reaching a high of 1.2590.
This rally was largely driven by a weaker US Dollar (USD), as market activity was quieter than usual ahead of the New Year holiday, with many traders sidelined.
However, the Pound’s upward momentum might face resistance due to some recent developments in the UK. The Bank of England (BoE) surprised markets with a split vote, where three of its policymakers voted in favor of rate cuts.
This unexpected shift indicates that the BoE might adopt a more aggressive approach to easing in 2025, which could weigh on the GBP in the longer term.
As a result, the GBP/USD pair has gained ground recently, the outlook remains uncertain, Traders will likely continue to monitor any updates from the BoE or the US economy closely for clearer direction.
GBP/USD Gains Amid Weaker US Dollar, but Fed's Cautious Stance Limits Further Upside
On the US front, the US Dollar has stayed under pressure due to lighter trading activity ahead of the New Year holiday.
This has helped the GBP/USD pair extend its gains. The reduced market participation has allowed the British Pound to climb higher, with the pair trading near 1.2567 after hitting an intra-day high of 1.2590. The weaker USD has provided temporary relief for the pair, fueling its upward momentum.
Fed Chair Jerome Powell also emphasized a careful approach to further rate reductions, stating that the Fed "will be cautious about further cuts." This message, paired with the Fed's cautious but firm stance, could lend support to the USD in the near term.
As a result, the GBP/USD has recently gained, the strong US Dollar could limit its growth, especially if the Fed’s outlook reinforces investor confidence in the USD.
Therefore, the weaker US Dollar has temporarily boosted the GBP/USD pair, allowing it to gain. However, the Fed's cautious stance on further rate cuts could support the USD in the near term, limiting the pair's upside potential and capping its growth.
GBP Faces Headwinds Amid BoE’s Cautious Stance on Rate Cuts and Economic Uncertainty
On the GBP front, the British Pound (GBP) faces challenges following a surprise split vote in the Bank of England (BoE). At its December meeting, the BoE held interest rates steady at 4.75%, signaling a cautious approach to future rate cuts.
However, three policymakers supported rate reductions, hinting at a potentially faster pace of easing in 2025.
This uncertainty has raised concerns about the Pound's strength, as markets remain unsure about how quickly or by how much the BoE might lower rates.
BoE Governor Andrew Bailey emphasized a measured approach, stating, "We believe a gradual path for future rate cuts is appropriate, but given the uncertainty in the economy, we cannot commit to specific timing or amounts."
These comments reflect the BoE's cautious outlook amid an uncertain economic environment, which could limit the Pound’s upward momentum.
As a result, the GBP/USD pair has recently gained, the Pound’s prospects may remain constrained by the BoE's hesitation and the broader economic outlook.
GBP/USD – Technical Analysis
GBP/USD is trading at $1.25782, up 0.02% on the session, showing cautious optimism as it approaches the pivot point at $1.25900.
The pair has maintained a modestly bullish tone, supported by its position above the 50 EMA, currently at $1.25441.
However, the pivot point remains a critical level; a failure to break higher could shift momentum to the downside.
Immediate resistance is at $1.26586, with further levels at $1.27292 and $1.27819, forming a significant ceiling for any bullish breakout.
On the downside, support is seen at $1.24776, with secondary levels at $1.24302 and $1.23771, marking key areas of interest for sellers.
The RSI at 57 indicates moderately bullish momentum, suggesting room for further gains without entering overbought territory.
The 4-hour chart reflects consolidation near the pivot, highlighting indecision as traders await a directional move.
A short-term sell strategy below $1.25890 with a target of $1.24989 and a stop loss at $1.26459 aligns with the technical setup.
Alternatively, a sustained break above $1.25900 could set the stage for a test of $1.26586. Traders should monitor market sentiment closely as this level acts as a pivotal barrier for the next trend.
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GBP/USD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Pivot Point: $1.25900 is crucial; bearish below, bullish above.
- Support Levels: Immediate support at $1.24776, followed by $1.24302 and $1.23771.
- Resistance Levels: Key resistance at $1.26586, $1.27292, and $1.27819 caps upward movement.
GBP/USD is trading at $1.25782, up 0.02% on the session, showing cautious optimism as it approaches the pivot point at $1.25900.
The pair has maintained a modestly bullish tone, supported by its position above the 50 EMA, currently at $1.25441.
However, the pivot point remains a critical level; a failure to break higher could shift momentum to the downside.
Immediate resistance is at $1.26586, with further levels at $1.27292 and $1.27819, forming a significant ceiling for any bullish breakout.
On the downside, support is seen at $1.24776, with secondary levels at $1.24302 and $1.23771, marking key areas of interest for sellers.
The RSI at 57 indicates moderately bullish momentum, suggesting room for further gains without entering overbought territory.
The 4-hour chart reflects consolidation near the pivot, highlighting indecision as traders await a directional move.
A short-term sell strategy below $1.25890 with a target of $1.24989 and a stop loss at $1.26459 aligns with the technical setup.
Alternatively, a sustained break above $1.25900 could set the stage for a test of $1.26586. Traders should monitor market sentiment closely as this level acts as a pivotal barrier for the next trend.
GBP/USD - Trade Ideas
Entry Price – Sell Below 1.25890
Take Profit – 1.24989
Stop Loss – 1.26459
Risk to Reward – 1: 1.5
Profit & Loss Per Standard Lot = +$901/ -$569
Profit & Loss Per Mini Lot = +$90/ -$56
GBP/USD Price Analysis – Dec 25, 2024
Daily Price Outlook
The GBP/USD pair saw a modest uptick, reaching 1.2550, amidst light trading volume this week due to the approaching Christmas holidays. The market has been consolidating, showing little movement as traders adjust to the seasonal slowdown.
Meanwhile, the US Dollar Index (DXY) remains largely flat, holding above 108.00, as investors await fresh economic data. Despite the holiday lull, the broader outlook for the US Dollar continues to be bullish, supported by expectations of a more gradual pace of rate cuts by the Federal Reserve.
Fed's Cautious Approach to Rate Cuts Supports USD
The US Dollar has remained resilient, largely due to the Federal Reserve's recent shift towards a more cautious approach to interest rate cuts.
The Fed's officials have signaled that fewer cuts will be implemented next year, reflecting a slower-than-expected disinflation process and ongoing uncertainty regarding President-elect Donald Trump's economic policies.
According to the latest projections, the federal funds rate could fall to 3.9% by the end of 2025, with only two rate cuts anticipated next year. This shift in expectations supports the US Dollar, as markets recalibrate for a more measured approach from the central bank.
Economic Data to Impact GBP/USD
The upcoming economic data will likely drive volatility in the GBP/USD pair. On Thursday, the US will release Initial Jobless Claims, with economists expecting a slight decline to 218K from the previous 220K.
This could impact the US Dollar as traders assess labor market conditions. Additionally, the Nonfarm Payrolls report for December, due in early January, will be a key focal point for investors. Strong employment data could further solidify the Fed's cautious stance on rate cuts, providing continued support for the US Dollar.
GBP/USD – Technical Analysis
The GBP/USD is currently trading at 1.25296, showing a modest 0.01% decline. The pair is hovering just below the critical pivot point of 1.25653, with immediate resistance at 1.26586 and further resistance at 1.27292 and 1.27819.
These resistance levels will need to be breached for any potential bullish movement, but the overall sentiment remains bearish.
Immediate support is found at 1.24764, followed by 1.24237 and 1.23771. The 50-day Exponential Moving Average (EMA) sits at 1.25511, signaling a neutral-to-bearish trend in the short term.
The Relative Strength Index (RSI) at 45 reflects a neutral to slightly bearish momentum, with no clear signs of a reversal at this point.
The market is looking for direction, and a breach below 1.24764 could trigger further declines toward the next support levels.
On the flip side, if GBP/USD manages to break above the immediate resistance at 1.25653, it could pave the way for a rally toward 1.26586, though this would require a significant shift in sentiment.
Overall, the market remains cautious, with volatility driven by global economic and geopolitical factors.
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GBP/USD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- GBP/USD faces immediate resistance at 1.25653, with further upside potential at 1.26586.
- Immediate support lies at 1.24764, with further downside risk toward 1.24237.
- RSI at 45 indicates a neutral-to-bearish market sentiment with no clear trend reversal.
The GBP/USD is currently trading at 1.25296, showing a modest 0.01% decline. The pair is hovering just below the critical pivot point of 1.25653, with immediate resistance at 1.26586 and further resistance at 1.27292 and 1.27819.
These resistance levels will need to be breached for any potential bullish movement, but the overall sentiment remains bearish.
Immediate support is found at 1.24764, followed by 1.24237 and 1.23771. The 50-day Exponential Moving Average (EMA) sits at 1.25511, signaling a neutral-to-bearish trend in the short term.
The Relative Strength Index (RSI) at 45 reflects a neutral to slightly bearish momentum, with no clear signs of a reversal at this point.
The market is looking for direction, and a breach below 1.24764 could trigger further declines toward the next support levels.
On the flip side, if GBP/USD manages to break above the immediate resistance at 1.25653, it could pave the way for a rally toward 1.26586, though this would require a significant shift in sentiment.
Overall, the market remains cautious, with volatility driven by global economic and geopolitical factors.
GBP/USD - Trade Ideas
Entry Price – Sell Limit 1.25650
Take Profit – 1.24749
Stop Loss – 1.26219
Risk to Reward – 1: 1.5
Profit & Loss Per Standard Lot = +$901/ -$569
Profit & Loss Per Mini Lot = +$90/ -$56