UK Claimant Count Change rises to -20.7K vs -29.5K forecast , Buy GBPUSD on dips !!

forex inflation2 min
forex inflation2 min

Claimant Count Change measures the change in the number of unemployed people in the U.K. during the reported month. A rising trend indicates weakness in the labor market, which has a trickle-down effect on consumer spending and economic growth.

Since short term trend is bullish , US dollar is weak these days ..As a result , negative UK Data should be taken as an opportunity to buy the GBPUSD on dips at the moment of writing , the pair trades above the psycho level 1.5000 , If the pair mange to hold above this level , 1.5000 is likely to serve as support , next support level comes around 1.4970/1.4930 levels….

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[su_column size=”3/5″]On the upside , eyes on 1.5080 levels , for further reading , read our daily forecast :

Eyes on US data next , core consumer price index at 12:30 GMT ……negative US data is likely to advance the pair further higher while postie US data could be an opportunity to buy on dips !!! [/su_column]
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