GBP/USD Signal - GBP CPI Data - 20 Oct

Signal Details

Entry Price:

1.2950

Take Profit:

1.2860

Stop Loss:

1.3025

Direction:

Sell

How we trade

GBPUSD is trending to the downside today prior to GBP Consumer price index data. The consumer price index is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. Technically the pair is below the 1h 50 moving average and the 1.2990 pivot and we anticipate further downside into 1.2860.

Submitted by Toni H. on Tue, 20 Oct 2020 01:01:44 GMT

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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.

GBP/USD Signal - GBP CPI Data - 20 Oct

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