Mixed U.K Data, GBPUSD Consolidates Below 1.3215

Forex-265984

The U.K Average Earnings Index +Bonus rose 2.7%, from 2.6% in the preceding month, passing a forecast of 2.6%, supporting the GBP against the USD while Claimant Count Change (Sep) rose 18.5K, from 14.2K in the previous month passing a forecast of 4.5K, putting the GBPUSD under pressure.

So far, the pair jumped to 1.3204 level, so close to 1.3215 levels, a test to 1.3215 level couldn’t be ruled out but a break above that level is unlikely today. The pair is likely to consolidate within 1.3150/1.3215 levels.

Support and resistance: 1.3017, 1.3072, 1.3150, 1.3215, 1.3295, 1.3362

MARKET DATA

UPCOMING ECONOMIC EVENTS