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GBP/USD Signal - GBP Retail Sales Data - 22 Jan 2021

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Signal Details
Entry Price: 
1.3734
Take Profit: 
1.3808
Stop Loss: 
1.3651
Direction: 
Buy
How we trade
Average: 4.5 (2 votes)

GBPUSD is trending to the upside prior to the GBP Retail sales data, which shows the change in retail sales month over month. Technically the pair is above the moving averages and the 1.3692 level and we anticipate further upside, due to the pound strengthening and the USD depreciating.

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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.