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GBP/USD Signal - USD Initial Jobless Claims - 7 Oct 2021

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Signal Details
Entry Price: 
1.3574
Take Profit: 
1.3520
Stop Loss: 
1.3620
Direction: 
Sell
How we trade
Average: 3.5 (2 votes)

GBPUSD is trending to the downside today prior to the USD initial jobless claims data, which measures the number of people applying for unemployment claims for the first time. Technically the pair is holding below trendline resistance, and we anticipate continued downside today.

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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.