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GBP/USD Signal - USD 3 Month Bill Auction - 30 Aug 2021

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Signal Details
Entry Price: 
1.3762
Take Profit: 
1.3700
Stop Loss: 
1.3820
Direction: 
Sell
How we trade
Average: 5 (1 vote)

GBPUSD has traded into resistance prior to the USD 3 Month Bill Auction, which will show the yield on the government backed security. Technically the pair has traded into structure and trendline resistance, and the RSI Has given a sell signal. We anticipate continued downside.

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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.