GBP/USD: Possible Rise
#trading_idea 💥
🔼Sterling rises after UK unemployment rate unexpectedly falls
💸GBP/USD: The pound strengthened on Tuesday after unexpected data revealed a drop in the UK unemployment rate for June. The jobless rate fell to 4.2%, down from 4.4% in May, defying expectations of a rise to 4.5%. In response, sterling climbed 0.24% to $1.2797, up from $1.2779 before the data release. Meanwhile, the euro slipped 0.15% against the pound, trading at 85.49 pence.
💷 Despite the positive job market news, wage growth excluding bonuses slowed slightly, with average weekly earnings up 5.4% year-on-year in the three months through June, compared to 5.8% in May.
🔼We might see a break of the1.2799 key level, with a possible further rise to 1.28484 and 1.28859.
🔽Alternatively, the price may down back to test 1.27515 support.
➡️GET $20,000 JUST FOR $99
😎 Hit "👍" if you believe the price will rise and "👎" if you foresee it dropping.
🔼Sterling rises after UK unemployment rate unexpectedly falls
💸GBP/USD: The pound strengthened on Tuesday after unexpected data revealed a drop in the UK unemployment rate for June. The jobless rate fell to 4.2%, down from 4.4% in May, defying expectations of a rise to 4.5%. In response, sterling climbed 0.24% to $1.2797, up from $1.2779 before the data release. Meanwhile, the euro slipped 0.15% against the pound, trading at 85.49 pence.
💷 Despite the positive job market news, wage growth excluding bonuses slowed slightly, with average weekly earnings up 5.4% year-on-year in the three months through June, compared to 5.8% in May.
🔼We might see a break of the1.2799 key level, with a possible further rise to 1.28484 and 1.28859.
🔽Alternatively, the price may down back to test 1.27515 support.
➡️GET $20,000 JUST FOR $99
😎 Hit "👍" if you believe the price will rise and "👎" if you foresee it dropping.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.