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GBP/JPY Signal - GBP Claimant Count Rate - 16 Nov 2021

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Signal Details
Entry Price: 
153.38
Take Profit: 
151.74
Stop Loss: 
154.080
Direction: 
Sell
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Average: 5 (1 vote)

GBPJPY is holding bearish structure prior to the GBP Claimant Count Rate, which measures the rate of people applying for unemployment benefits in the UK. Technically the pair is holding bearish structure on the 1H price chart, and is also trading below the resistance trendline. We anticipate continued downside into the 151.740 level.

Submitted by Toni H. on Tue, 16 Nov 2021 03:37:18 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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