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GBP/USD Signal - USD Services PMI Data - 3 Dec 2020

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Signal Details
Entry Price: 
1.3370
Take Profit: 
1.3449
Stop Loss: 
1.3270
Direction: 
Buy
How we trade
Average: 5 (1 vote)

GBPUSD remains in an uptrend despite last nights sell off. We maintain our upside bias prior to the USD Services PMI, which shows business conditions in the US non-manufacturing sector. Technically the pair is riding above the 4h 50 moving average and the 1.3318 pivot. We anticipate further upside into 1.3449.

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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.