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GBP/USD Signal - GBP Gross Domestic Product - 12 Mar 2021

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Signal Details
Entry Price: 
1.3973
Take Profit: 
1.4040
Stop Loss: 
1.3930
Direction: 
Buy
How we trade
Average: 5 (1 vote)

Price is trending to the upside today prior to the GBP GDP data, which is a measure of the total value of all goods and services produced by the UK. Technically the pair is above the moving average ribbon and has been bullish for 3 days now, and we anticipate continued upside.

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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.