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GBP/JPY Signal - GBP Retail Sales - 21 May 2021

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Signal Details
Entry Price: 
154.26
Take Profit: 
153.35
Stop Loss: 
155.00
Direction: 
Sell
How we trade
Average: 5 (1 vote)

GBPJPY is trending to the downside today prior to the GBP retail sales data, which measures the total receipts of retail stores domestically. Technically the pair has done a break and retest of the support trendline, and the PPO is doing a bearish cross. We anticipate a retest of support at 153.35.

Submitted by Toni H. on Fri, 21 May 2021 02:22:32 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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