GBP/USD Signal - USD Initial Jobless Claims - 7 Oct 2021

Short

British Pound / U.S. Dollar (FX:GBPUSD)

FX:GBPUSD British Pound / U.S. Dollar

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GBPUSD is trending to the downside today prior to the USD initial jobless claims data, which measures the number of people applying for unemployment claims for the first time. Technically the pair is holding below trendline resistance, and we anticipate continued downside today.

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