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A positive day for the British currency

A positive day for the British currency | 05 December 2019

05 December 2019, GBP/USD

A positive day for the British currency

GBPUSD trading plan:

Investors are building up long positions on the British currency after the publication of negative macroeconomic statistics from the United States. Private employers added only 67,000 jobs in November, the ADP National Employment report showed on Wednesday. It was the smallest monthly gain since May when just 46,000 jobs were created, the fewest since 2010, and continued a trend of decelerating job growth that has taken hold this year. Data for October was revised down to show private payrolls increasing 121,000 from an originally reported 125,000 gain. This is a negative signal for the U.S. economy and the dollar!

Trading recommendation: Buy 1.3088 and take profit 1.3130.

TRADE OILS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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