EXNESS - Analytics

    EXNESS

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    GBPUSD: consolidation before publication of ADP statistics on employment in the US private sector

    Sell on a level breakthrough of 1.4384 with 1.4330 target. Stop loss = 1.4434. 

    Reason for the trading strategy

    In May, market participants expect from ADP that the number of jobs in the US private sector will grow from to 156 thousand to 174 thousand. If the index value is at the same level as expected or better, it will strengthen the position of the US dollar and put pressure on the GBPUSD pair.

     

    GBPUSD, H4

     


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