GBPUSD Looks To Retake 1.5760 On BoE Meeting Minutes !

forex UK min
forex UK min

The GBPUSD flies through the 1.5700 levels after Bank of England meeting minutes, support comes at the 1.5639 levels, stability above this level on a 4-hour closing basis will keep the pair very bullish, resistance comes at the 1.5760 levels , a halt is very likely, and a pullback may occur here , If seen, that would be an opportunity to buy the pair on dips ..

In the same time, U.K Average Earnings Index rose to 2.7%, from 2.3% in the previous month . UK Average Earnings Index was expected to rise to 2.1% last month.

Also,  U.K Claimant Count Change rose to -6.5K, from -7.8K in the previous month . U.K Claimant Count Change was expected to fall to -12.3K last month.

Market Impact : As long as 1.5639 support holds on a 4- hour closing basis, outlook in GBPUSD remains on the upside towards the 1.5760 levels where rejection is likely, a clear break above 1.5760 will extend gains towards the 1.5945 levels..

On the downside, support comes at the 1.5639 levels , below this level faces a pullback risk towards the 1.5541 levels before the next rise………….

Recommendations : buy GBPUSD on dips !!!

Note : GBPUSD is strongly supported by UK data, Positive US data should be taken as an opportunity to buy the pair on dips!!!  keep that in mind !!!

GBPUSD Looks To Retake 1_5760 On BoE Meeting Minutes !