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GBP/USD Signal - GBP Markit Manufacturing PMI - 2 August 2021

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Signal Details
Entry Price: 
1.3899
Take Profit: 
1.4000
Stop Loss: 
1.3839
Direction: 
Buy
How we trade
Average: 5 (2 votes)

GBPUSD is trending to the upside currently prior to the GBP Markit Manufacturing PMI data, which is an indicator of the economic situation in the UK manufacturing sector. Technically the pair has broken above a key pivot point, and has now come back to retest the pivot point as a support. We anticipate continued upside back into the recent highs!

Submitted by Toni H. on Mon, 02 Aug 2021 04:07:58 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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