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GBP/USD trading signal - UK Manufacturing PMI - 01 Oct 2018

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Signal details
Entry Price: 
1.3020
Close Price: 
1.3039
Direction: 
High
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
5/5 of 5 ratings

Last week the British pound plunged below 1.3100 and now is at a key level 1.3020 that could help the pair recover some of the recent losses. GBPUSD is currently looking for its new direction ahead of the UK manufacturing PMI release that is scheduled for 08:30 GMT later today. We are looking to go long at 1.3020.

gbpusd trading signal 01 oct 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.