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GBP/USD Signal - GBP Unemployment Rate - 23 Feb 2021

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Signal Details
Entry Price: 
1.4064
Take Profit: 
1.4115
Stop Loss: 
1.3988
Direction: 
Buy
How we trade
Average: 5 (1 vote)

GBPUSD is trending to the upside today prior to the GBP unemployment rate data. The unemployment rate shows the percentage of people unable to secure employment, and is a great indicator for a countries economic health. Technically the pair is trading above the moving averages and we anticipate continued upside into the 1.4115 pivot.

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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.