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GBP/USD Signal - US Nonfarm Payrolls - 01 Feb 2019

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Signal Details
Entry Price: 
1.3100
Take Profit: 
1.3050
Stop Loss: 
1.3130
Direction: 
Low
Result: 
Profit
How we trade
5/5 of 7 ratings

The British pound is trading around 1.3100 ahead of a very busy day for the markets. Traders will focus on the UK Manufacturing PMI and the US NFP report to get some insights. If we see some positive wage growth numbers it might result in strong U.S. dollar bids.

gbpusd signal 01 feb 2019

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. He has no business nor personal relationships with any mentioned government entities or stocks. 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.