Overall, GBP/USD is ranging across. Recently, GBP/USD failed to break above the key level of 1.26.
The UK employment data released yesterday indicated that the number of people claiming for unemployment benefits has declined in June for the first time in four months. Unemployment rate remains the same for the month of May from April while average earnings fell mainly due to furloughing.
GBP/USD’s next support zone is at 1.25000 and the next resistance zone is at 1.26500.
Look for short-term selling opportunities of GBP/USD.
The UK employment data released yesterday indicated that the number of people claiming for unemployment benefits has declined in June for the first time in four months. Unemployment rate remains the same for the month of May from April while average earnings fell mainly due to furloughing.
- Claimant Count Change (Actual: -28.1K, Forecast: 250.0K, Previous: 566.4K revised from 528.9K)
- Average Earnings Index 3m/y (Actual: -0.3%, Forecast: -0.4%, Previous: 1.0%)
- Unemployment Rate (Actual: 3.9%, Forecast: 4.2%, Previous: 3.9%)
GBP/USD’s next support zone is at 1.25000 and the next resistance zone is at 1.26500.
Look for short-term selling opportunities of GBP/USD.