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GBP/USD Signal - GBP Housing Prices - 26 Nov 2020

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Signal Details
Entry Price: 
1.3381
Take Profit: 
1.3477
Stop Loss: 
1.3294
Direction: 
Buy
Result: 
Loss
How we trade
Average: 5 (1 vote)

GBPUSD is trending to the upside, having broker the rising pennant flag pattern. This is prior to GBP housing price data, which shows the value of the houses prices in UK and indicate current movements in the housing market that is considered as a sensitive factor to the UK's economy.

Technically the pair is above the 1h moving averages, has broken the pennant pattern and has held above the 1.3341 pivot. We are looking for upside to 1.3477

Submitted by Toni H. on Wed, 25 Nov 2020 22:49:19 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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