GBP/USD Signal - USD Initial Jobless Claims - 18 Nov 2021

Long

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

FX:GBPUSD British Pound / U.S. Dollar

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GBPUSD is trading to the upside prior to the USD Initial Jobless claims data, which measures the number of people applying for unemployment benefits for the first time. Technically the pair is in a bullish 1H cycle, and we're targeting the previous structural resistance as our TP.

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