• UK data released earlier today disappointed market expectations, data showed slowdown in the employment and wage growth
  
  
• Sterling was trading relatively weak against the USD following weak data, day's range 1.5604/1.5533
  
  
• The pair however recovered from session lows of 1.5558 and is currently trading at 1.5593, as Greenback extends weakness ahead of U.S. open
  
  
• Next hurdle for the pair is seen at 1.5653 (Daily High Aug 5), while support on the downside is located at 1.5509 (Daily Cloud Base)
  
  
• Later in the US session, the US Jolts job openings figure for June will be watched for further direction 
  
  

Resistance Levels:

R1: 1.5617 (Daily High Aug 11)

R2: 1.5638 (Daily High Aug 6)

R3: 1.5653 (Daily High Aug 5)

Support Levels:

S1: 1.5509 (Daily Cloud Base)

S2: 1.5459 (Daily Low Aug 10)

S3: 1.5426 (30 DMA Lower Bollinger)