Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

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.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

2019-04-24 00:48:19
0m

April 23 14:00 UTC Released

USNew Home Sales Chg MM

Actual

4.5 %

Forecast

-2.5 %

Previous

4.9 %

April 23 14:00 UTC Released

USUnits

Actual

0.692 %

Forecast

0.65 %

Previous

0.667 %

January 31 00:00 UTC 645175645175m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 645175645175m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 656995656995m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 645175645175m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 656995656995m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 645175645175m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 645175645175m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 645175645175m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.