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GBP/USD Signal - USD Retail Sales - 17 Feb 2021

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Signal Details
Entry Price: 
1.3863
Take Profit: 
1.3815
Stop Loss: 
1.3935
Direction: 
Sell
How we trade
Average: 5 (2 votes)

GBPUSD is trending to the downside today prior to the USD retail sales data, which measures the change in retail store sales. Technically the pair is trading below the moving averages and we anticipate continued downside.

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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.