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GBP/USD Signal - USD Redbook Index - 4 Aug 2020

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How we trade
Average: 5 (3 votes)

GBPUSD is trending to the upside today prior to USD Redbook Index data. The redbook index data is a year over year measure of sales growth in a sample number of domestic retail stores. We anticipate further GBP upside against the USD today. Technically the pair is trading above the 1.3040 pivot and the 1h 50EMA.

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.