Sorry, you need to enable JavaScript to visit this website.

GBP/USD Signal - GBP Retail Sales - 23 Jul 2021

You are here

»
Signal Details
Entry Price: 
1.3776
Take Profit: 
1.3690
Stop Loss: 
1.3830
Direction: 
Sell
How we trade
Average: 5 (1 vote)

GBPUSD has reached resistance prior to the GBPUSD Retail Sales Data, which measures the receipts of retail stores domestically. Technically the pair has reached a key pivot level, and price has formed a triple top. The RSI is also giving bearish divergence. We anticipate downside into the 1.3830 level.

Submitted by Toni H. on Fri, 23 Jul 2021 00:25:34 GMT

Live Broker Spreads

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.

Site Pages

Legal Pages

Social Corner

Trading tools