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GBP/USD Signal - USD Continuing Jobless Claims - 22 Jul 2021

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Signal Details
Entry Price: 
1.3701
Take Profit: 
1.3630
Stop Loss: 
1.37370
Direction: 
Sell
How we trade
Average: 5 (2 votes)

GBPUSD has retraced in a downtrend prior to the USD Continuing jobless claims data, which shows the number of people remaining on unemployment benefits. Technically the GBPUSD is trending to the downside and has retraced to a key level. The RSI generated a sell signal and price has rebounded from the upper bollinger band, generating a mean reversion signal.

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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.