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GBPUSD: consolidation before the ADP publication of the number of jobs in the US private sector

Sell on a level breakthrough of 1.3840 with 1.3750 target. Stop loss = 1.3890. 

Reason for the trading strategy

The basic scenario for the GBPUSD pair involves it breaking through the lower limit of the range of 1.3840-1.4042.  Today, the US dollar may be supported by the publication of the ADP employment statistics in the US private sector. In February, employment is expected to increase by 185 thousand.




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