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GBP/USD Signal - USD 5 Year Note Auction - 26 May 2021

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Signal Details
Entry Price: 
1.4161
Take Profit: 
1.4250
Stop Loss: 
1.4100
Direction: 
Buy
How we trade
Average: 5 (1 vote)

GBPUSD is trending to the upside today prior to the USD 5 year note auction, which gives shows the yield on the note. Technically the pair is in an ascending channel, and we anticipate continued upside into the 1.4100 level.

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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.