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GBP/USD Signal - GBP Retail Sales ex-Fuel (MoM)(Nov) - 18 Dec 2020

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Signal Details
Entry Price: 
1.3533
Take Profit: 
1.3455
Stop Loss: 
1.3655
Direction: 
Sell
Result: 
Profit
How we trade
Average: 5 (1 vote)

GBP/USD is trading to the downside today prior to GBP Retail Sales ex-Fuel (MoM)(Nov) . The Retail Sales ex-fuel released by the National Statistics is a measure of changes in sales of the British retail sector excluding fuel. It shows the performance of the retail sector in the short term. Technically the pair is trading below the 50 moving average, and we anticipate further downside on the GBP/USD into the 1.3455 level.

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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.