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GBP/USD Signal - UK Retail Sales - 18 Apr 2019

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Signal Details
Entry Price: 
1.3020
Take Profit: 
1.2960
Stop Loss: 
1.3040
Direction: 
Low
Result: 
Profit
How we trade
5/5 of 7 ratings

The upbeat UK retail sales didn't help much the British pound which is trading 50 pips below today's highs. Traders will now focus on the upcoming US retail sales which are forecasted to rise 0.9% in March. If the US retail data beats the estimates we might see GBPUSD to further plunge.

gbpusd signal 18 apr 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.