EXNESS - Analytics

    EXNESS

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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.

     

    GBPUSD, H4

     


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