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There's a bearish 'Harami', which has been confirmed by the last 'Three Black Crows' pattern. So, it's likely that the pair is going to test the lower 'Window' and the 55 Moving Average. The subsequent pullback from these levels could lead to another upward price movement in the direction of the next resistance at 1.3521.
The number of Americans applying for initial unemployment benefits came in at a larger-than-forecast 870,000 last week, signaling that the recovery in the labor market is losing momentum as the coronavirus pandemic lingers and layoffs continue apace.
The GBP is likely to move upward until it reaches the resistance of 1.2795.
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The number of Americans applying for initial unemployment benefits came in at a larger-than-forecast 870,000 last week, signaling that the recovery in the labor market is losing momentum as the coronavirus pandemic lingers and layoffs continue apace.
The GBP is likely to move upward until it reaches the resistance of 1.2795.
The aussie is expected to plummet for the next six months. What is the reason?
