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GBP/USD - Michigan Consumer Sentiment Index - 02 Oct 2020

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Signal Details
Entry Price: 
1.2862
Take Profit: 
1.282
Stop Loss: 
1.293
Direction: 
Sell
How we trade
Average: 3.7 (3 votes)

GBP/USD is trading to the downside today prior to Michigan Consumer Sentiment Index. The Michigan Consumer Sentiment Index released by the University of Michigan is a survey of personal consumer confidence in economic activity. Technically the pair is trading below the 50 moving average, and we anticipate further downside on the GBP/USD into the 1.282 level.

Submitted by Toni H. on Fri, 02 Oct 2020 03:38:18 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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