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EURGBP Buckles Under Sterling Surge – Bears Eye 0.8600 as 0.8800 Ceiling Holds Firm 
GBP/USD has retreated after making a high of 1.5180 at the time of writing after release of UK jobs data.
- UK Oct Claimant count Unemployment change decreased to +3.3K vs Prev +4.6K but it is slightly less than forecast of +1.5K. The unemployment rate decreased to 5.3% compared to 5.4%.
- Sep average weekly earnings including bonus was at 3.0% compared to forecast of 3.2%. Wage growth is slightly a miss but it is still looking strong.
- Technically it is facing strong resistance around 1.5185 and break above targets 1.5230/1.5270.
- On the downside minor support is around 1.5130 and break below will drag the pair further down till 1.5080/1.5050.
It is good to buy at dips around 1.5145-50 with SL around 1.5120 for the TP of 1.5200/1.5225
Resistance
R1-1.5185
R2-1.5230
R3- 1.5270
Support
S1- 1.5120
S2-1.5080
S3-1.5050
