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GBP/USD Signal - USD 3 Month Bill Auction - 23 Aug 2021

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Signal Details
Entry Price: 
1.36477
Take Profit: 
1.3560
Stop Loss: 
1.3695
Direction: 
Sell
How we trade
Average: 5 (1 vote)

GBPUSD is trending to the downside prior to the USD 3 Month Bill Auction data, which reveals the yield for the US Treasury backed security. Technically the pair is trending below the 50 moving average, and the 50 & 200 MA's are in a bearish cross. We anticipate continued downside into the 1.3560 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.