GBP/USD: Possible Rise
#trading_idea 💥
🔼Sterling rises after UK unemployment rate unexpectedly falls
💸GBP/USD: The pound strengthened on Tuesday after unexpected data revealed a drop in the UK unemployment rate for June. The jobless rate fell to 4.2%, down from 4.4% in May, defying expectations of a rise to 4.5%. In response, sterling climbed 0.24% to $1.2797, up from $1.2779 before the data release. Meanwhile, the euro slipped 0.15% against the pound, trading at 85.49 pence.
💷 Despite the positive job market news, wage growth excluding bonuses slowed slightly, with average weekly earnings up 5.4% year-on-year in the three months through June, compared to 5.8% in May.
🔼We might see a break of the1.2799 key level, with a possible further rise to 1.28484 and 1.28859.
🔽Alternatively, the price may down back to test 1.27515 support.
➡️GET $20,000 JUST FOR $99
😎 Hit "👍" if you believe the price will rise and "👎" if you foresee it dropping.
🔼Sterling rises after UK unemployment rate unexpectedly falls
💸GBP/USD: The pound strengthened on Tuesday after unexpected data revealed a drop in the UK unemployment rate for June. The jobless rate fell to 4.2%, down from 4.4% in May, defying expectations of a rise to 4.5%. In response, sterling climbed 0.24% to $1.2797, up from $1.2779 before the data release. Meanwhile, the euro slipped 0.15% against the pound, trading at 85.49 pence.
💷 Despite the positive job market news, wage growth excluding bonuses slowed slightly, with average weekly earnings up 5.4% year-on-year in the three months through June, compared to 5.8% in May.
🔼We might see a break of the1.2799 key level, with a possible further rise to 1.28484 and 1.28859.
🔽Alternatively, the price may down back to test 1.27515 support.
➡️GET $20,000 JUST FOR $99
😎 Hit "👍" if you believe the price will rise and "👎" if you foresee it dropping.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.