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GBP/USD Signal - USD Fed Powell Speech - 14 Apr 2021

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Signal Details
Entry Price: 
1.3751
Take Profit: 
1.3695
Stop Loss: 
1.38030
Direction: 
Sell
How we trade
Average: 4.5 (2 votes)

GBPUSD is trading to the downside today having formed a triple top prior to Fed chairman Powell's speech. Technically the pair has formed a triple top pattern, with the PPO showing bearish divergene. We anticipate continued downside today into the 1.36950 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.