The pound sterling 
GBPUSD declines in the first half to 1.2615, and on Wednesday the currency pair strengthens in anticipation of news in the US market. What should we prepare for?
Today we are in anticipation of strong news: ADP NonFarm EC, Initial Jobless Claims, SP PMI. Fundamentally, analysts expect the
DXY to strengthen based on the expected data. This will have a corresponding effect on the forex market. The actual data can either meet or break these expectations. But, the Fed has recently said that they are fully prepared to raise interest rates, trying to keep the market in a tight grip.
Technically, the GBPUSD may head towards the support of the upside range of 1.2550 - 1.2506. A correction phase is forming after a false breakdown of the resistance. The area of interest is below 1.2615.
Until the news publication, until 13:15 - 14:45 the market may be in a neutral state.
Resistance levels: 1.2715, 1.2784
Support levels: 1.2615, 1.2506
Technically, the currency pair may fall after the price fixation below 1.2715. But, if the news comes out worse than expected, it may strengthen the pair and the currency pair may start to grow from this level.
Regards R. Linda!
GBPUSD declines in the first half to 1.2615, and on Wednesday the currency pair strengthens in anticipation of news in the US market. What should we prepare for?Today we are in anticipation of strong news: ADP NonFarm EC, Initial Jobless Claims, SP PMI. Fundamentally, analysts expect the
DXY to strengthen based on the expected data. This will have a corresponding effect on the forex market. The actual data can either meet or break these expectations. But, the Fed has recently said that they are fully prepared to raise interest rates, trying to keep the market in a tight grip. Technically, the GBPUSD may head towards the support of the upside range of 1.2550 - 1.2506. A correction phase is forming after a false breakdown of the resistance. The area of interest is below 1.2615.
Until the news publication, until 13:15 - 14:45 the market may be in a neutral state.
Resistance levels: 1.2715, 1.2784
Support levels: 1.2615, 1.2506
Technically, the currency pair may fall after the price fixation below 1.2715. But, if the news comes out worse than expected, it may strengthen the pair and the currency pair may start to grow from this level.
Regards R. Linda!
Note
The resistance retest forms a small correction. The market should determine the further direction tomorrow.
It is more likely to fall, as today's news is bullish for the dollar
Note
Note
Note
NonFarm Payrolls 216K instead of the 170K expectedThe dollar is rising strongly!
The pound is falling!
🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.