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GBP/USD Signal - USD 2 Year Note Auction - 22 Jun 2021

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Signal Details
Entry Price: 
1.3896
Take Profit: 
1.3785
Stop Loss: 
1.397
Direction: 
Sell
How we trade
Average: 5 (1 vote)

GBPUSD is trending to the downside prior to the USD 2 Year note auction, which reveals the yield on the note. Technically the pair is rebounding out of resistance and the RSI is bearish. The 100MA is also acting as a resistance. We anticipate continued downside into the 1.3785 level.

Submitted by Toni H. on Tue, 22 Jun 2021 07:22:49 GMT

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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.

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