GBP/USD Signal - GBP Retail Sales MoM (March) - 23 Apr 2021

Signal Details

Entry Price:

1.3860

Take Profit:

1.3950

Stop Loss:

1.38120

Direction:

Buy

How we trade

GBPUSD has bounced from support prior to the GBP Retail Sales month over month data, which measures the total receipts of retail stores domestically. A positive figures marks growth and is GBP positive, and a negative figures marks a contraction and is GBP negative. Technically the pair is at the key 1.38250 level, and is at a key structure zone as well. The PPO has also given a bullish cross signal.

Measure your forex trade slippage with TradeProofer's FREE MT4 terminal.

Submitted by Toni H. on Fri, 23 Apr 2021 04:24:13 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.

GBP/USD Signal - GBP Retail Sales MoM (March) - 23 Apr 2021

You are here

Live Broker Spreads

Site Pages

Legal Pages

Social Corner

Trading tools