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GBP/USD Signal - US Existing Home Sales - 21 May 2019

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Signal Details
Entry Price: 
1.2700
Take Profit: 
1.2650
Stop Loss: 
1.2720
Direction: 
Low
Result: 
Loss
How we trade
5/5 of 4 ratings

The British pound continues the slide amid expectations May's Brexit deal to fail. GBPUSD was last traded below 1.2700 in January. The speculations over UK PM May's replacement will weight on the pound. Traders will also follow the US Home sales and Fed speeches.

gbpusd signal 21 may 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.