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GBP/USD Signal - GBP NIESR GDP Estimate - 11 Nov 2020

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Signal Details
Entry Price: 
1.3268
Take Profit: 
1.3340
Stop Loss: 
1.3170
Direction: 
Buy
Result: 
Loss
How we trade
Average: 5 (1 vote)

GBP/USD is trading to the upside today prior to GBP NIESR GDP Estimate. The GDP Estimate released by the National Institute of Economic and Social Research is an estimate of growth over the last 3 months up to the report which comes out a month before the official announcement. Technically the pair is trading above the 50 moving average, and we anticipate further upside on the GBP/USD into the 1.3340 level.

Submitted by Toni H. on Wed, 11 Nov 2020 00:35:13 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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