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FxWirePro:GBPUSD declines slightly as UK jobs report came below estimate, good to buy on dips

GBPUSD has lost moire than 50 pips after slightly weak UK jobs data. The pair hits intraday high of 1.29343 and declined till 1.29083 at the time of writing . It is currently trading around 1.29300.

 

UK Claimant count came at 14.2K compared forecast of 12.3K while Unemployment rate at four decade low of 4.0% and UK wage excluding bonus rose 3.4% in three months to Dec compared to forecast of 3.5%.

 

On the lower side near term support is around 1.2890 (200- H MA) and any violation below targets 1.2850/1.2820.The pair should break below 1.2770 for further weakness.

 

The near term major resistance is at 1.2960 and any break above will take the pair to next level till 1.3000/1.3045.

 

It is good to buy on dips around 1.2875 with SL around 1.2820 for the TP of 1.3000.

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March 26 04:00 UTC Released

THManufacturing Prod YY

Actual

-1.6 %

Forecast

0.52 %

Previous

0.18 %

March 25 21:45 UTC Released

NZTrade Balance YY

Actual

-6.62 Bln NZ

Forecast

Previous

-6.36 Bln NZ

January 31 00:00 UTC 603608603608m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 603608603608m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 615428615428m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 603608603608m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 615428615428m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 603608603608m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 603608603608m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 603608603608m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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