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GBP/USD Signal - GBP CPI Data - 16 Dec 2020

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Signal Details
Entry Price: 
1.3446
Take Profit: 
1.3529
Stop Loss: 
1.3359
Direction: 
Buy
Result: 
Profit
How we trade
Average: 5 (1 vote)

GBPUSD is trending to the upside today having broken and held above the 1.3403 pivot prior to GBP Consumer price index data. The data measures the change in price across a representative basket of goods and services, and is an economic indicator. Technically the pair is holding above the 30m 50 moving average, and we anticipate further upside into the 1.3529 level.

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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.