- Sell the GBP/USD pair and set a take-profit at 1.1650.
- Add a stop-loss at 1.1800.
- Timeline: 1-2 days.
- Set a buy-stop at 1.1800 and a take-profit at 1.1900.
- Add a stop-loss at 1.1700.
The GBP/USD price retreated after a series of worrying news about the UK economy and as volatility jumped. The pair dropped to a low of 1.1742, which was the lowest level since March 23rd this year. It has dropped by over 17% from the highest point this year.