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GBP/USD Signal - US Initial Jobless Claims - 17 Jan 2019

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Signal Details
Entry Price: 
1.2840
Take Profit: 
1.2750
Stop Loss: 
1.2870
Direction: 
Low
Result: 
Loss
How we trade
4.6/5 of 10 ratings

The British Pound is trading little changed on the upside amid refreshed Brexit uncertainty. Currently, GBPUSD price is consolidating as traders wait for some clarity. The political uncertainty in the UK might drag the Cable further down with investors betting on safety.

The GBP, however, might find some bids if the UK parliament starts cheering the idea of a second referendum. The lack of economic data from the UK, will keep traders staring for Brexit headlines. Forex traders will also eye the US Jobless reports for some fresh impetus.

gbpusd signal 16 jan 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.