TenkoFX - Analytics

    TenkoFX

    415.75 7.25/10
    68% of positive reviews
    Real

    GBP/USD flirts with 1.42 on UK data Pablo Piovano

    The British pound is now pushing higher, lifting GBP/USD above the 1.4200 handle following today’s UK results.GBP/USD firmer post-dataSpot has retaken the 1.4200 barrier after UK’s labour market figures have surprised markets to the upside today. In fact, Claimant Count Change has decreased more than expected by 0.4K while the jobless rate has ticked lower to 5% vs. 5.1% initially estimated.Further results saw key Average Earnings excluding/including Bonus coming in above expectations.GBP/USD levels to considerAs of writing the pair is advancing 0.68% at 1.4211 and a break above 1.4353 (100-day sma) would open the door to 1.4412 (55-day sma) and finally 1.4475 (20-day sma). On the other hand, the immediate support aligns at 1.4091 (low Jun.14) followed by 1.4088 (low Apr.14) and then 1.4004 (low Apr.6).


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree