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GBP/USD Signal - Fed's Chair Powell speech - 09 Oct 2019

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Signal Details
Entry Price: 
1.2230
Take Profit: 
1.2390
Stop Loss: 
1.2190
Direction: 
High
Result: 
Profit
How we trade
5/5 of 5 ratings

GBPUSD is trading off the highs as the DUP rejected an EU offer. The British pound already tested 1.2290 level in early European session. Beside the Brexit negotiations, forex traders will pay attention to Fed's Powell speech and FOMC minutes. The probability of a 25 bps cut in October stands above 80%.

gbpusd signal 09 oct 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.