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GBP/USD Signal - USD Initial Jobless Claims -21 May 2020

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Signal Details
Entry Price: 
1.2199
Take Profit: 
1.2134
Stop Loss: 
1.2234
Direction: 
Sell
How we trade
Average: 5 (1 vote)

GBP is weakening against the USD prior to USD Initial Jobless claims. The Initial Jobless claims is a measure of people filing for state unemployment insurance for the first time, and typically provides an indication of the strength of the labor market. We anticipate further GBP weakness into the 1.2134 level.

Submitted by Toni H. on Thu, 21 May 2020 02:08:09 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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