GBPUSD - The Green strikes back on Job and Manufacturing report

FX:GBPUSD   British Pound / U.S. Dollar

Yesterday we saw above average results for the US on the job and manufacturing report. There was also a positive report on the effectiveness of Covid-19 vaccine. These reports might spark the optimism towards the economy of the US.

Back to the chart, if we are looking on the 4H chart, the channel has been broken. Interestingly, there was a double top before the channel broke which signal the USD might have a comeback for the pair.


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