GBPUSD Daily Outlook 04-09-20 – On Thursday the US stocks extended their losses and we found out that the US job cuts have been the highest number tracked in a single year on record. Meanwhile, the U.S. Trade Deficit Swelled to Biggest Since 2008 in July. In the UK we saw the Sharpest increase in service sector activity since April 2015, and the Swiss consumer prices remained stable in August.
Welcome to the TickMill update, I’m Kiana Danial the founder of the Invest Diva movement. Make sure to subscribe to the Tickmill YouTube channel and support us by liking and sharing this video with your forex trading friends.
On Friday we’ll be eyeing Canada’s jobs report and the US non-farm payrolls as well as the unemployment rate.
Today I’m looking at the GBP/USD pair which appears to have found resistance just below our 1.35 target and may have topped out. While the pair remains above the daily Ichimoku cloud, we could expect further drops towards 1.30 as the bearish sentiment gains momentum.
Do you think the bulls will get another chance in the coming week?
Head over to the comments section and let me know.
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