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GBP/USD Signal - GBP Gross Domestic Product - 31 Mar 2021

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Signal Details
Entry Price: 
1.3741
Take Profit: 
1.3662
Stop Loss: 
1.3793
Direction: 
Sell
How we trade
Average: 5 (1 vote)

GBPUSD is trending to the downside today prior to the GBP Gross Domestic Product data, which measures the total value of all goods and services produced domestically. Technically the pair has broken below the 1.3750 pivot and is below the moving average ribbon, and we anticipate continued downside into the 1.3662 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.