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GBPUSD: consolidation before publication of the US labor market statistics

Buy on a level breakthrough of 1.4194 with 1.4262 target. Stop loss = 1.4144. 

Reason for the trading strategy

Today the market participants' attention will be focused on the publication of the statistics on the US labor market for February. Despite the gradual decline in the unemployment rate, inflation expectations in the US remain low, as does the probability of increase in the federal funds rate in March.   




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