ByJin Dao Tai
AUG 18, 2021
Overall, GBP/USD is ranging across. Recently, GBP/USD broke the support zone of 1.38000.
The UK employment data released yesterday indicated a slowdown in the decline of the number of people claiming for unemployment benefits while average earnings have increased and unemployment rate declined slightly.
- Average Earnings Index 3m/y (Actual: 8.8%, Forecast: 8.6%, Previous: 7.4% revised from 7.35)
- Claimant Count Change (Actual: -7.8K, Forecast: TBA, Previous: -136.1K revised from -114.8K)
- Unemployment Rate (Actual: 4.7%, Forecast: 4.8%, Previous: 4.8%)
The UK CPI y/y data (Forecast: 2.3%, Previous: 2.5%) will be released later at 1400 (GMT+8).
GBP/USD’s next support zone is at 1.36000 and the next resistance zone is at 1.38000.
Look for short-term selling opportunities of GBP/USD.
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