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If the Unemployment Rate is Positive Will GBPUSD Go Up?

Forex Market
Summary:

United Kingdom Fundamental news leads the market.

Buy GBPUSD
EXP
TRADING

1.22933

ENTRY PRICE

1.24905

TGT PRICE

1.21683

SL PRICE

1.23926 +0.00015 +0.01%

0

Point

Flat

1.21683

SL PRICE

CLOSING

1.22933

ENTRY PRICE

1.24905

TGT PRICE

Fundamental analysis

On the coming Tuesday which is tomorrow, we have a piece of important news on the pound, We have unemployment rates for November and December and also we have unemployment claimant counts for December, The expectation is unknown And let's apply if the market takes the result as a positive for the GBP, On the other hand, We know USD is getting weaker from the speech of the Federal Bank reserve And last week result of the inflation rate (CPI) It was as expected at 6.5%.

If the Unemployment Rate is Positive Will GBPUSD Go Up?_1 U.K. ILO Unemployment Rate (Nov)

Previous 3.7%

Expected 3.7%

If the Unemployment Rate is Positive Will GBPUSD Go Up?_2

U.K. Unemployment Rate (Dec)

Previous 3.9%

Expected —----

If the Unemployment Rate is Positive Will GBPUSD Go Up?_3

U.K. Unemployment Claimant Count (Dec)

Previous 30.5K

Expected —-------

Technical analysis

We can see in the diagram of the 4 H chart That the market is trending up by creating Higher highs and higher lows, And the 20 moving average is pointing up, We expect the market will continue this uptrend by creating more higher highs and higher lows.

If the Unemployment Rate is Positive Will GBPUSD Go Up?_4Trading Recommendation 

Trading Direction: Long
Entry Price: 1.22933
Target Price: 1.24905
Stop Loss: 1.21683
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You understand and acknowledge that there is a high degree of risk involved in trading with strategies. Following any strategies or investment methodologies is the potential for loss. The content on the site is being provided by our contributors and analysts for information purposes only. You alone are solely responsible for determining whether any trading assets, or securities, or signal, or any other product is suitable for you based on your investment objectives and financial situation.

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Saif

Analyst

BeingTrader Trading Coach & Speaker, 10+ years of experience in the forex industry being an intraday and day trader. My major trading strategies are based on technical analysis, and I mainly use trends, support/resistance, moving averages, and market entry and exit point strategy, risk management and trading plan.

Rank

15

Articles

24

Win Rate

12.50%

P/L Ratio

--

Focus on

EURCAD, GBPUSD, NZDCAD

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