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GBP/USD Signal - USD Initial Jobless Claims - 18 Nov 2021

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Signal Details
Entry Price: 
1.3493
Take Profit: 
1.3600
Stop Loss: 
1.3400
Direction: 
Buy
How we trade
Average: 5 (1 vote)

GBPUSD is trading to the upside prior to the USD Initial Jobless claims data, which measures the number of people applying for unemployment benefits for the first time. Technically the pair is in a bullish 1H cycle, and we're targeting the previous structural resistance as our TP.

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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.