GBPUSD Recovers From 1.3103 On Positive Claimant Count Change, What’s Next ?!

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The U.K Claimant Count Change declined sharply in June to 0.4K, from 12.2K in the previous month cutting forecast of 3.5K in the last month….

This development supports the GBP against other pairs, GBPUSD: The pair recovered strongly from the daily chart support at the 1.3103 levels. On the 4-hour timeframe, short-term resistance comes at the 1.3166 levels, a break will suggest short term bottoming and may expose the 1.4214 levels, further upside, resistance comes at the 1.3345 levels…

On the downside, a rejection from the 1.3166 levels could mean a return to the 1.3103 levels where a clear break will pave the way towards the 1.2950 levels…..

GBPUSD Daily Forecast Jul 20 2016

Outlook in GBPUSD remains neutral, support comes at the 1.3103 levels, a failure to hold below the 1.3103 levels on a daily closing basis could mean a return to the 1.3482 levels, a break would open 1.3665 next, a...