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GBP/USD Signal - GBO Gross Domestic Product - 10 Sep 2021

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
ToniSignals Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Pivot Points Trend Lines GBPUSD cable Parallel Channel breakandretest Forex forexsignals forexsignalservice Contains image
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trendanalysis pivotpoints trendline gbpusd cable parallelchannel breakandretest forex forexsignals forexsignalservice containsimage
GBPUSD has bounced from resistance prior to the GBP Gross Domestic Product data, which measures the total value of all goods and services produced domestically. Technically the pair has broken to the downside of the ascending channel and has now done a retest of the trendline and resistance pivot. The RSI has also generated an overextended signal, and we anticipate downside into the 1.3787 level.

Trade closed: stop reached
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