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GBP/USD Signal - GBO Gross Domestic Product - 10 Sep 2021

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Signal Details
Entry Price: 
1.3837
Take Profit: 
1.3787
Stop Loss: 
1.3887
Direction: 
Sell
How we trade
Average: 5 (1 vote)

GBPUSD has bounced from resistance prior to the GBP Gross Domestic Product data, which measures the total value of all goods and services produced domestically. Technically the pair has broken to the downside of the ascending channel and has now done a retest of the trendline and resistance pivot. The RSI has also generated an overextended signal, and we anticipate downside into the 1.3787 level.

Submitted by Toni H. on Thu, 09 Sep 2021 23:34:26 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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