Overall, GBP/USD is trending upwards. Recently, GBP/USD has been ranging across.
The British employment data released were mixed. The market did not react much to the data.
Look for selling opportunities of GBP/USD if the CPI data is bad.
GBP/USD next support level is at 1.27400 and the next resistance level is at 1.29800.
The British employment data released were mixed. The market did not react much to the data.
- Average Earnings Index 3m/y (Actual: 3.6%, Forecast: 3.8%, Previous: 3.7% revised from 3.8%)
- Claimant Count Change (Actual: 33.0K, Forecast: 24.2K, Previous: 13.5K revised from 21.2K)
- Unemployment Rate (Actual: 3.8%, Forecast: 3.9%, Previous: 3.9%)
- CPI y/y (Forecast: 1.6%, Previous: 1.7%)
- Core CPI y/y (Forecast: 1.7%, Previous: 1.7%)
Look for selling opportunities of GBP/USD if the CPI data is bad.
GBP/USD next support level is at 1.27400 and the next resistance level is at 1.29800.