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GBP/USD Signal - US Industrial Production - 16 Nov 2018

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Signal Details
Entry Price: 
1.2800
Take Profit: 
1.2720
Stop Loss: 
1.2820
Direction: 
Low
Result: 
Loss
How we trade
4.8/5 of 5 ratings

Yesterday, we saw the angry bears. GBPUSD lost over 300 pips despite UK PM Theresa May securing Cabinet support. The latest political turmoil in the UK might push the British Pound further low. Today, US industrial production report is scheduled for 14:15 GMT.

gbpusd signal 16 nov 2018

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. He has no business nor personal relationships with any mentioned government entities or stocks. 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.