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GBP/USD Signal - Multi-year Bottom - 19 Mar 2020

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Signal Details
Entry Price: 
1.1500
Take Profit: 
1.1300
Stop Loss: 
1.1600
Direction: 
Sell
Result: 
Loss
How we trade
Average: 4.8 (9 votes)

GBPUSD lost over 600 pips in a signal day amid coronavirus fears spreading in the UK. The Tory government has no option but to cancel the UK-EU trade negotiations. The U.S. dollar continues to draw strength from its reserve currency status. Forex traders will follow closely the UK government health measures.

gbpusd signal 19 mar 2020

Submitted by Toni H. on Thu, 19 Mar 2020 05:54:42 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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