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GBP/USD Signal - GBP Retail Sales - 17 Dec 2021

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Signal Details
Entry Price: 
1.3325
Take Profit: 
1.3500
Stop Loss: 
1.3250
Direction: 
Buy
How we trade
Average: 5 (1 vote)

GBPUSD is trending to the upside prior to the GBP Retail sales data, which measures the total receipts of retail stores in the UK. Technically the pair has performed a break and retest pattern of the resistance turned support structure. The RSI is holding at bullish levels, and we anticipate continued upside.

Submitted by Toni H. on Fri, 17 Dec 2021 01:52:14 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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