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GBP/USD Signal - GBP Consumer Price Index - 14 Jul 2021

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Signal Details
Entry Price: 
1.3809
Take Profit: 
1.3955
Stop Loss: 
1.3753
Direction: 
Buy
How we trade
Average: 5 (2 votes)

GBPUSD has done a break and retest of the resistance trendline prior to the GBP Consumer Price Index data, which measures the change in price across a representative basket of goods and services. Technically the pair has done a break and retest, and is also now at fibonacci support. We anticipate continued upside into the 1.3955 level.

Submitted by Toni H. on Wed, 14 Jul 2021 00:40:34 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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