GBP/USD Signal - GBP GfK Consumer Confidence(Nov) - 20 Nov 2020

Signal Details

Entry Price:

1.3251

Take Profit:

1.3310

Stop Loss:

1.3195

Direction:

Buy

Result:

Profit

How we trade

GBP/USD is trading to the upside today after GBP GfK Consumer Confidence(Nov). The GfK Group Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity. Technically the pair is trading above the 50 moving average, and we anticipate further upside on the GBP/USD into the 1.3310 level.

Submitted by Toni H. on Fri, 20 Nov 2020 00:14:48 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 GfK Consumer Confidence(Nov) - 20 Nov 2020

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