GBP/USD Signal - USD Housing Starts Data - 17 Mar 2021

Signal Details

Entry Price:

1.3903

Take Profit:

1.3950

Stop Loss:

1.3850

Direction:

Buy

How we trade

GBPUSD is trending to the upside today prior to the USD Housing Starts Data, which is an indicator that tracks how many new single-family homes or buildings were constructed. The GBPUSD has been strengthening on the back of the Brexit Trade Agreement & the Rapid vaccination of UK citizens. Technically the pair is trading above the moving averages. We anticipate continued upside into 1.3950.

Trade like a pro with TradeProofer!

Submitted by Toni H. on Wed, 17 Mar 2021 00:46:35 GMT

Live Broker Spreads

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 - USD Housing Starts Data - 17 Mar 2021

You are here

Live Broker Spreads

Site Pages

Legal Pages

Social Corner

Trading tools