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GBP/USD Signal - GBP Claimant Rate Count - 20 Apr 2021

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Signal Details
Entry Price: 
1.3987
Take Profit: 
1.3880
Stop Loss: 
1.4070
Direction: 
Sell
How we trade
Average: 5 (3 votes)

GBPUSD has found topside resistance prior to the GBP Claimant Rate Count data, which is a monthly measure of unemployment in the UK It indicates the health of the UK labor market. Technically the pair has traded into a key resistance level at 1.3990, and the 1h PPO indicator has given a bearish cross. We anticipate downside today into the 1.3880 level.

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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.