GBPUSd Trade Idea (6th February 2020)

Currency Pair: GBPUSD
Timeframe: H1
Date/Time of Signal: 6th February 2020 / 2300hrs (SGT)

Review:
Since yesterday (5th February 2020), The US dollar have strengthened as U.S. ADP Non-Farm Employment Change data, ISM Non-Manufacturing PMI data and US unemployment claims released today (6th February 2020) were all better than forecasted.

GBPUSD have broken through the Support level of 1.2960.

Trade signaled to sell GBPUSD (Entry: 1.2932) with 3 Take Profit (TP) Targets (TP1: 1.2912, TP2: 1.2892, TP3: 1.2972) and Stop Loss (SL) at 1.2962.