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GBP/USD Signal - GBP BoE Speech - 24 Nov 2020

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Signal Details
Entry Price: 
1.3325
Take Profit: 
1.3260
Stop Loss: 
1.3370
Direction: 
Sell
Result: 
Loss
How we trade
Average: 5 (1 vote)

GBPUSD has broken the ascending trendline today prior to the BoE Haskel Speech. Technically the pair has broken below the trendline and the 1h 50 moving average after reversing out of the 1.3395 pivot level. We anticipate continued downside on the Pound.

Submitted by Toni H. on Tue, 24 Nov 2020 01:31:04 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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