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GBP/USD Signal - USD ADP Employment Change - 2 Dec 2020

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Signal Details
Entry Price: 
1.3422
Take Profit: 
1.3480
Stop Loss: 
1.3360
Direction: 
Buy
Result: 
Loss
How we trade
Average: 5 (1 vote)

GBPUSD is trending to the upside today prior to the USD ADP Employment change data release. The data is a measure of the change in the number of employed people in the US. Technically the pair is trading above the 50 moving average and the 1.3385 pivot level. We anticipate further upside into the 1.3480 pivot level.

Submitted by Toni H. on Wed, 02 Dec 2020 02:45:01 GMT

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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.

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