JinDao_Tai

GBP/USD Outlook (10th September 2019)

FX:GBPUSD   British Pound / U.S. Dollar
Overall, GBP/USD is trending upwards. Recently, GBP/USD’s uptrend has come to a halt.

Yesterday evening, British Prime Minister Boris Johnson failed in a second attempt to force an early general election. Also, the British Parliament has been suspended until 14 October.

The British employment data released earlier were better than forecasted.
  • Average Earnings Index 3m/y (Actual: 4.0%, Forecast: 3.7%, Previous: 3.7%)
  • Claimant Count Change (Actual: 28.2K, Forecast: 29.3K, Previous: 28.0K)
  • Unemployment Rate (Actual: 3.8%, Forecast: 3.9%, Previous: 3.9%)
GBP/USD’s next support level is at 1.22000 and its next resistance level is at 1.24000.

Free trading community: discord.gg/b7X35tDD4T

Trading Course in Dubai www.jindaotai.com/apt-june
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.