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GBP/USD Signal - UK Markit Services PMI - 05 Nov 2019

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Signal Details
Entry Price: 
1.2900
Take Profit: 
1.2850
Stop Loss: 
1.2930
Direction: 
Low
Result: 
Profit
How we trade
5/5 of 5 ratings

GBP/USD is trading near 1.2880 ahead of the UK Services PMI report which is projected to show ongoing stagnation. On the other hand the election polls are showing a substantial lead for the Conservatives. Traders will follow both PMI reports from the UK and the US for some fresh impetus.

gbpusd signal 05 nov 2019

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.