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GBP/USD Signal - GBP Retail Sales - 21 Jan 2022

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Signal Details
Entry Price: 
1.3585
Take Profit: 
1.34050
Stop Loss: 
1.3660
Direction: 
Sell
How we trade
Average: 5 (1 vote)

GBPUSD is trading to the downside today after price has broken the ascending and corrective support trendlines. The UK parliament is in the process of outing PM Boris Johnson, giving the GBP some weakness, and Ukraine tensions are also boosting the USD higher. We're looking for a significant drop on the forex pair.

Submitted by Toni H. on Fri, 21 Jan 2022 01:27:41 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.

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