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GBP/USD trading signal - UK Consumer Price Index - 18 Jul 2018

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Signal details
Entry Price: 
1.3040
Close Price: 
1.3068
Direction: 
High
Expiry Time: 
21:00 GMT
Result: 
ITM
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With the UK inflation stagnated at 2.4% the British pound hit new lows near 1.3000 level and we would expect a correction in the near terms. Looking at the chart we see a potential support at 1.3040 the could hold the pound from further drops and eventually closing higher on the day.

gbpusd trading signal 18 jul 2018

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. He has no business nor personal relationships with any mentioned government entities or stocks. 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.