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GBP/JPY SIgnal - GBP Markit Services - 3 Dec 2020

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Signal Details
Entry Price: 
139.815
Take Profit: 
140.770
Stop Loss: 
138.790
Direction: 
Buy
Result: 
Loss
How we trade
Average: 5 (1 vote)

GBPJPY remains in a solid uptrend prior to the GBP Markit Services data. The data is an indicator of the economic situation in the UK services sector. Technically the pair is above the 50 moving average and the 139.33 pivot level and we are anticipating further upside into the 140.770 level.

Our trade execution on this trade is being monitored thanks to TradeProofer.

Submitted by Toni H. on Thu, 03 Dec 2020 03:57:19 GMT

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.

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