Price Movement Since yesterday, GBP/USD has been moving on a 50pips range.
Trend GBP/USD is moving on a downtrend.
Macro Background The British Average Earnings Index measures the change in the price businesses and the government pays for labor (including bonuses). It is scheduled for release at 1730 (SGT). It is expected to perform better than previous month. If the released data is better than or as expected, we may see a strengthening in pound and GBP/USD will be moving upwards.
Important Issue None.
Technical Yesterday, GBP/USD broke the 1.29 key level. Currently, GBP/USD is again testing the 1.29 key level.
Price Levels Current Price: 1.29002 Next Resistance: 1.29983 Next Support: 1.28667