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GBP/USD Signal - USD Fed Speech - 18 Aug 2020

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Signal Details
Entry Price: 
1.3140
Take Profit: 
1.3170
Stop Loss: 
1.3085
Direction: 
Buy
How we trade
Average: 5 (2 votes)

GBPUSD is trending to the upside prior to US Fed member Brainard's speech, which will give insight into US economic health. GBPUSD is trading above the 50ema (red) and the 200 sma (blue), with a trendline acting as dynamic support. We anticipate continued upside on the pair.

Submitted by Toni H. on Tue, 18 Aug 2020 05:52:14 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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