17 Feb 2016
GBP/USD fails to break above 1.4300 on data
The British pound has recovered the positive ground today, pushing GBP/USD to the vicinity of the 1.4300 mark.
GBP/USD unchanged post-UK jobs results
Spot keeps the composure after mixed results from the UK labour market, where the unemployment rate has stayed put at 5.1% vs. forecast for a drop to 5.0%.
Further data saw Claimant Count Change decreasing more than estimated by 14.8K during January, while Average Earnings inc. Bonus have risen 1.9% in December, matching consensus.
GBP/USD levels to consider
As of writing the pair is up 0.01% at 1.4292 with the next hurdle at 1.4394 (20-day sma) followed by 1.4522 (38.2% Fibo of 1.5240-1.4079) and finally 1.4636 (55-day sma). On the other hand, a breach of 1.4200 (psychological level) would aim for 1.4171 (low Jan.26) and then 1.4147 (low Jan.29).
GBP/USD unchanged post-UK jobs results
Spot keeps the composure after mixed results from the UK labour market, where the unemployment rate has stayed put at 5.1% vs. forecast for a drop to 5.0%.
Further data saw Claimant Count Change decreasing more than estimated by 14.8K during January, while Average Earnings inc. Bonus have risen 1.9% in December, matching consensus.
GBP/USD levels to consider
As of writing the pair is up 0.01% at 1.4292 with the next hurdle at 1.4394 (20-day sma) followed by 1.4522 (38.2% Fibo of 1.5240-1.4079) and finally 1.4636 (55-day sma). On the other hand, a breach of 1.4200 (psychological level) would aim for 1.4171 (low Jan.26) and then 1.4147 (low Jan.29).