Mixed U.K Employment Report, Buy GBPUSD On Dips!


The U.K Average Earnings Index +Bonus for July stood at 2.1% as previous month missing forecast of 2.3% in the last month. (Negative impact).

While U.K Claimant Count Change for August rose -2.8K, from -2.9% a month earlier, missing forecast of 0.6K in the last month.(Positive impact).

Those mixed data from the U.K is likely to bring a buying opportunity, also a consolidation below the key resistance 1.3340 is possible…

Support and resistance: 1.2919, 1.3030, 1.3061, 1.3169, 1.3227, (1.3267 minor level), 1.3340, 1.3396, 1.3469.

Further Reading: GBPUSD Bullish Eyes Further Upside!

GBPUSD Bullish Eyes Further Upside!

Outlook in GBPUSD remains on the upside as long as 1.3227/1.3169 support holds on a 4-hour closing basis, resistance comes at the 1.3340 levels a halt is likely but a break would open 1.3396 levels, further upside, resistance stands at the 1.3469 levels. On the downside, support comes at the 1.3227 levels ahead of the 1.3169 […]


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