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GBP/USD Signal - USD Producer Price Index - 14 Oct 2020

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Signal Details
Entry Price: 
1.2934
Take Profit: 
1.2890
Stop Loss: 
1.2995
Direction: 
Sell
How we trade
Average: 5 (1 vote)

GBPUSD is trading to the downside today prior to USD Producer Price Index data. The data measures the average changes in prices in primary markets of the US by producers. Technically the pair is moving below the 50 moving average and the 1.2965 pivot level. We anticipate further GBP downside into 1.2890.

Submitted by Toni H. on Wed, 14 Oct 2020 04:09:40 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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