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GBP/USD Signal - USD GDP Data - 25 Nov 2020

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Signal Details
Entry Price: 
1.3363
Take Profit: 
1.3435
Stop Loss: 
1.3312
Direction: 
Buy
Result: 
Loss
How we trade
Average: 5 (1 vote)

GBPUSD is trending to the upside again prior to the USD GDP data release. The data gauges the change in the prices of goods and services. Technically the pair is trending above the 21 and 50 1h moving averages and has bounced from the 1.3312 pivot level. We anticipate further upside into the 1.3435 level.

Submitted by Toni H. on Wed, 25 Nov 2020 00:29:25 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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