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GBP/USD trading signal - U.S. Fed Monetary Policy - 13 Jul 2018

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Signal details
Entry Price: 
1.3200
Close Price: 
1.3233
Direction: 
Low
Expiry Time: 
21:00 GMT
Result: 
OTM
How we trade
4.3/5 of 9 ratings

The British pound continued to flub lower by Trump's comments favoring hard Brexit. The White Paper published by the UK government also has triggered some negative reactions. That document still needs to be analyzed before we see the true reaction of the markets .

We would expect GBPUSD to continue suffering and test new lows at the hands of confused bears. In the meantime the Fed Monetary Policy report is scheduled for today at 15:00 GMT which could see the U.S. dollar further boosted.

gbpusd trading signal 13 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.