TipTVFinance

GBP/USD – Re-test of sub-1.30 levels could be seen

FX:GBPUSD   British Pound/U.S. Dollar
Despite Cable’s sharp recovery from yesterday’s low of 1.2874, the subsequent failure in breaching key resistance of 1.3056 (July 26 low) in the NY session followed by a failure to hold above the same in Asia suggests the currency may re-test 5-DMA stationed around 1.2960 before making another attempt at 1.31 levels.

Eyes Labor data

UK labor data for the month of July = Post Brexit period is scheduled for release today. This would give us a clear picture of whether Brexit impact is taking hold or economy remained resilient to scaremongering.

Wage growth numbers ‘for June’ are unlikely to get much attention from the markets.

Strong jobs growth figure could yield a rally to 1.31 levels. On the contrary, a weak figure would add to speculation of further BOE easing and thus send Cable lower to 1.29 handle.
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out