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GBP/USD Signal - GBP BoE Governor Speech - 29 Sep 2020

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Signal Details
Entry Price: 
1.2841
Take Profit: 
1.2930
Stop Loss: 
1.2770
Direction: 
Buy
How we trade
Average: 5 (1 vote)

GBPUSD is trading to the upside ahead of the Bank of England Governor's speech. The speech typically gives insight into the BoE economic outlook and gives an overview of their current stance. We anticipate continued upside on the pair prior to the event. Technically the pair is trading above the 1.2805 pivot and the 1H 50 moving average. Our upside target is 1.2930.

Submitted by Toni H. on Mon, 28 Sep 2020 22:36:03 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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