GBP/USD - BRC Like-for-Like Retail Sales - 12 Jan 2021

Signal Details

Entry Price:

1.35138

Take Profit:

1.35700

Stop Loss:

1.34500

Direction:

Buy

How we trade

GBP/USD is trading to the upside today after the BRC Like-for-Like Retail Sales. The British Retail Consortium (BRC) Like-For-Like Retail Sales measures changes in the actual value of retail sales from participating companies with invaluable management information on a regular and reliable basis. It shows the performance of the retail sector. Technically the pair is trading above the 50 moving average, and we anticipate further upside on the GBP/USD into the 1.35700 level.

Submitted by Toni H. on Tue, 12 Jan 2021 00:39:36 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.

GBP/USD - BRC Like-for-Like Retail Sales - 12 Jan 2021

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