GBP/USD Signal - GBP Consumer Credit - 30 Nov 2020

Signal Details

Entry Price:

1.3326

Take Profit:

1.3380

Stop Loss:

1.3285

Direction:

Buy

Result:

Profit

How we trade

GBPUSD is trending to the upside today prior to the GBP Consumer Credit data. The consumer credit data is the amount of debt taken on by individuals in the previous month. Technically the pair has shown divergence on the 1h RSI, and has bounced out of a previous support and the 1.331 pivot. We anticipate upside into 1.3380.

Submitted by Toni H. on Mon, 30 Nov 2020 00:32:01 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.

GBP/USD Signal - GBP Consumer Credit - 30 Nov 2020

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