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GBP/USD Signal - USD Producer Price Index - 9 Apr 2021

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Signal Details
Entry Price: 
1.3740
Take Profit: 
1.3800
Stop Loss: 
1.3700
Direction: 
Buy
How we trade
Average: 5 (1 vote)

GBPUSD is pushing to the upside today following support at the 1.3720 level, prior to the USD producer price index data, which measures the average changes in prices in primary markets of the US by producers of commodities in all states of processing. Technically the pair has turned bullish on the PPO & we anticipate upside into the 1.3800 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.