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GBPUSD Technical Analysis - Waiting for a break

The latest news on job numbers was a mixed bag. While the non-farm payrolls (NFP) beat expectations, we also saw a rise in unemployment and a decrease in average weekly hours. These not-so-great details caused the USD to lose some strength as the market started to reprice the hawkish expectations on a less hawkish side. The ISM Services PMI didn't help either. It fell short of expectations, especially in the prices paid sub-index, which gave people hope that maybe core inflation could start fall... Read More

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Content Topics

Gbpusd

Technical

Analysis

Waiting

Break

Forex

Posted: Jun 13 2023, 08:16

Author Name: forexlive

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