Our free forex signals service trade today is a sell order on the GBP/USD pair. The pair stands above a key resistance zone. The GBP/USD pair rallies when writing as the Dollar Index slips lower. The price action signaled that the downside was limited and the bulls may push it higher. Nevertheless, the DXY remains under strong downside pressure. In the short term, the currency pair moves sideways, so we’ll have to wait for a valid breakout from this range before taking action. –Are you interested in learning more about forex robots? Check our detailed guide- Yesterday, the pound was punished by the poor UK data. The Public Sector Net Borrowing was reported at -3.7B versus -4.3B. At the same time, the CBI Industrial Order Expectations dropped from 24 points to 20 points, even if the analysts expected a potential growth of 25 points. The GBP/USD pair ignored the US economic figures published yesterday. However, the CB Consumer Confidence, Flash Manufacturing PMI, and the Flash Services PMI came in better than expected. Monetary Policy Report hearings Later, the BOE Governor and several MPC members testify before the Parliament’s Treasury Committee. This is seen as a high-impact event, so you have to be careful as the volatility could be high. Technically, the GBP/USD pair is trapped between the uptrend and downtrend lines. Its failure to reach and retest the uptrend line or stabilize under the weekly pivot point of 1.3570 signaled strong bullish pressure. A valid breakout above the downtrend line and a new higher high could announce an upside continuation. Get FREE Forex Signals Now! 3 Free Forex Every Week – Full Technical Analysis Free forex signals – Buy GBP/USD at 1.3648 Free forex signals entry price and takes profit Instrument: GBP/USD Order Type: BUY STOP Entry price: 1.3648 Stop Loss: 1.3534 TP1: 1.3818 My Risk: 1% Risk / Reward Ratio: 1:1.5 Looking to trade forex now? Invest at eToro! Trade Forex Now! 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Olimpiu Tuns Olimpiu Tuns Olimpiu Tuns graduated with a Master in Business Administration and is a seasoned Market Analyst / Trader / Trainer with 10 years of experience in the financial markets having expertise in Forex, Commodities, Index, Cryptocurrencies, and Stocks. He worked as a Market Analyst for three major brokerage companies, as a prop trader, and as a contributor/content creator for news portals and educational platforms. View All Post By Olimpiu Tuns Forex Trading Signals share Read Next EUR/USD Price Analysis: Bulls Paused at 1.1359 as USD Picks Bids Olimpiu Tuns 9 months Our free forex signals service trade today is a sell order on the GBP/USD pair. The pair stands above a key resistance zone. The GBP/USD pair rallies when writing as the Dollar Index slips lower. The price action signaled that the downside was limited and the bulls may push it higher. Nevertheless, the DXY remains under strong downside pressure. In the short term, the currency pair moves sideways, so we’ll have to wait for a valid breakout from this range before taking action. -Are you interested in learning more about forex robots? Check our detailed guide- Yesterday, the pound was… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
