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GBP/USD Signal - USD Consumer Price Index - 10 Mar 2021

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Signal Details
Entry Price: 
1.38670
Take Profit: 
1.39650
Stop Loss: 
1.38000
Direction: 
Buy
How we trade
Average: 5 (1 vote)

GBP/USD is trading to the upside today prior to the USD Consumer Price Index. The Consumer Price Index released by the US Bureau of Labor Statistcs is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. Technically the pair is trading above the 50 moving average, and we anticipate further upside on the GBP/USD into the 1.39650 level.

Submitted by Toni H. on Wed, 10 Mar 2021 02:20:45 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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