Friday, June 4, 2021 7:20 AM EDT
The GBP/USD is bearish after the ADP and we should see a retest of a trend line for further selling.
If the price gets to the POC zone again, we might see a rejection. 78.6-88.6 is the zone where we could see a drop. 1.4177-89 is the POC zone and the price should move down. This might be the scenario after the NFP. However if the price breaks 1.4076 we should see 1.4044 as the final target.
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Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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