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

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Signal Details
Entry Price: 
1.3797
Take Profit: 
1.38550
Stop Loss: 
1.3750
Direction: 
Buy
How we trade
Average: 5 (1 vote)

GBPUSD is trending to the upside today prior to the GBP Retail Sales data, which measures the total receipts for all retail stores domestically. Technically the pair has bounced from a demand zone, and our mean reversion strategy has also indicated a buy signal.

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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.