16 Oct 2013
GBP/USD rests at 1.5950 zone
FXstreet.com (Chicago) - GBP/USD on sideways range after bounce off from 1.5894 session lows in the afternoon of the American trading sesion.
Earlier today, the claimant count change for September in the UK was -41.7K vs. past -41.6K and expected -25K. Average earnings including bonus were 0.7% vs. expected 1% while the ILO unemployment rate was 7.7% matching prior and expected results.
GBP/USD Technical Levels
Technically speaking, the pair is offered at 1.5949 and oscillates between supports aligned at 1.5915 (October 10th lows), 1.5886 (September 17th lows) ahead of 1.5825 (September 10th highs) and the resistances set at 1.5953 (September 24th lows), 1.6014 (October 15th highs) followed by 1.61 (October 9th highs). According to the FXstreet.com trend index, the pair is strongly bearish on one-hour timeframe analysis below the EMA20.
Earlier today, the claimant count change for September in the UK was -41.7K vs. past -41.6K and expected -25K. Average earnings including bonus were 0.7% vs. expected 1% while the ILO unemployment rate was 7.7% matching prior and expected results.
GBP/USD Technical Levels
Technically speaking, the pair is offered at 1.5949 and oscillates between supports aligned at 1.5915 (October 10th lows), 1.5886 (September 17th lows) ahead of 1.5825 (September 10th highs) and the resistances set at 1.5953 (September 24th lows), 1.6014 (October 15th highs) followed by 1.61 (October 9th highs). According to the FXstreet.com trend index, the pair is strongly bearish on one-hour timeframe analysis below the EMA20.