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GBP/USD Signal - UK Consumer Price Index - 16 Oct 2019

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Signal Details
Entry Price: 
1.2780
Take Profit: 
1.2880
Stop Loss: 
1.2720
Direction: 
High
Result: 
Profit
How we trade
5/5 of 8 ratings

GBPUSD is trading lower from recent 1.28 highs. The pair might reach 1.29 level if we see some progress in Brexit talks today. UK PM Johnson is yet to convince the DUP to support the deal. Meanwhile, traders will also follow the UK inflation data and the US Retail Sales data.

gbpusd signal 16 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.