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GBP/USD Signal - GBP Nationwide Housing Prices - 26 Feb 2021

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Signal Details
Entry Price: 
1.3984
Take Profit: 
1.3900
Stop Loss: 
1.4120
Direction: 
Sell
How we trade
Average: 4 (3 votes)

GBPUSD is trending to the downside today prior to the GBP Nationwide housing prices 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 well below the moving average ribbon, and we anticipate continued downside into the 1.3900 level.

Submitted by Toni H. on Fri, 26 Feb 2021 03:55:41 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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