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GBP/USD Signal - Post FOMC Meeting - 18 Mar 2021

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Signal Details
Entry Price: 
1.3971
Take Profit: 
1.4090
Stop Loss: 
1.3890
Direction: 
Buy
How we trade
Average: 5 (1 vote)

GBPUSD is pushing to the upside today after the FOMC statement was surprisingly dovish, stating that the economy has a long way to go in recovery from the global pandemic. Technically the pair is holding above the 1.3950 pivot, and we anticipate that the upside will continue into the 1.4090 pivot 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.