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GBP/USD Signal - USD Fed Mester Speech - 5 Jan 2021

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Signal Details
Entry Price: 
1.3570
Take Profit: 
1.3475
Stop Loss: 
1.3634
Direction: 
Sell
How we trade
Average: 4.7 (3 votes)

GBPUSD has sold off overnight prior to the USD Fed's Mester Speech. . Mester joins the Federal Open Market Commission in the formulation of US monetary policy. She assumed the role of president and CEO in June 2014, and her speech is likely to give indications to the Fed's outlook. Technically the pair is below the 1.3592 pivot, and the 50 moving average. We anticipate continued downside into 1.3475.

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Submitted by Toni H. on Mon, 04 Jan 2021 22:32:14 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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