GBP/USD Signal - BoE Fiscal Stimulus - 16 Mar 2020

Signal Details

Entry Price:

1.2350

Take Profit:

1.2450

Stop Loss:

1.2300

Direction:

Buy

Result:

Void

How we trade

GBPUSD is trading lower after losing over 800 pips last week. We may see some recovery with additional fiscal stimulus expected. The market already reacted on Fed's decision to slash interest rates to zero. This week, the market is likely to remain extremely volatile. Forex traders must keep their heads cool!

gbpusd signal 16 mar 2020

Submitted by Toni H. on Mon, 16 Mar 2020 12:31:50 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.

GBP/USD Signal - BoE Fiscal Stimulus - 16 Mar 2020

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