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GBP/USD Signal - GBP Manufacturing Production - 15 Jan 2021

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Signal Details
Entry Price: 
1.3688
Take Profit: 
1.3779
Stop Loss: 
1.3608
Direction: 
Buy
How we trade
Average: 5 (1 vote)

GBPUSD is trending to the upside currently prior to the GBP Manufacturing Production data. The Manufacturing Production data measures outputs of the UK factories and mines. Technically the pair is trending above the moving averages and has held above the 1.3651 level. We anticipate continued upside into the 1.3779 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.