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GBP/USD Signal - GBP Budget Report - 03 Mar 2021

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Signal Details
Entry Price: 
1.39663
Take Profit: 
1.40300
Stop Loss: 
1.38800
Direction: 
Buy
How we trade
Average: 5 (2 votes)

GBP/USD is trading to the upside today prior to GBP Budget Report. The Treasury Chancellor presents the economic forecast for next year, containing details about GDP growth estimates, spending and borrowing forecasts as well as fiscal stimulus. Technically, the pair is trading above the 50 moving average, and we anticipate further upside on the GBP/USD into the 1.40300 level.

Submitted by Toni H. on Wed, 03 Mar 2021 04:15:11 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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