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GBP/USD Signal - GBP ILO Unemployment Rate - 11 Aug 2020

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Signal Details
Entry Price: 
1.3066
Take Profit: 
1.3015
Stop Loss: 
1.3130
Direction: 
Sell
How we trade
Average: 5 (1 vote)

GBPUSD is trending to the downside, holding below the 1h 50EMA prior to the unemployment rate data. We anticipate further downside on the pair with unemployment data weighing on the GBP. We anticipate downside into 1.3015.

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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.