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GBP/USD Signal - GBP COT Report Net Holdings - 22 May 2020

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Signal Details
Entry Price: 
1.2180
Take Profit: 
1.2105
Stop Loss: 
1.221
Direction: 
Sell
How we trade
Average: 4.2 (5 votes)

GBPUSD is trading around 1.2180 prior to the Commitment Of Traders GBP Net Holdings report. The Commitment of traders report gives an indication of long and short positions on the GBP. We anticipate further pound weakness into 1.2105

Submitted by Toni H. on Fri, 22 May 2020 09:20:12 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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