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GBP/USD Signal - USD Presidential Election - 3 Oct 2020

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Signal Details
Entry Price: 
1.2920
Take Profit: 
1.2960
Stop Loss: 
1.2850
Direction: 
Buy
Result: 
Profit
How we trade
Average: 5 (1 vote)

GBPUSD is trending to the upside today prior to US Presidential election. The US Presidential election will determine the next US President and Vice President. Trump is losing to Biden in the polls however Trump was losing in polls prior to his election in 2016, so take poll data with a grain of salt. We anticipate further upside on the GBPUSD as price has just breached above the 30m 50 moving average and has held above the 1.2880 pivot.

Submitted by Toni H. on Mon, 02 Nov 2020 23:37:11 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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