| GBP/USD intraday: further advance. |
Pivot: 1.6090.
Our Preference: LONG positions @ 1.61 with 1.614 & 1.6155 in sight. Alternative scenario: The downside penetration of 1.609 will call for 1.607 & 1.6055. Comment: the pair stands above its support and remains within a bullish channel. |
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GBP pushed higher after the labor market data showed that UK jobless claims fell in September by 4K from previous decline by 14.2K and the ILO unemployment rate fell in August to 7.9% from previous 8.1% which is the lowest level in over a year. The improvement is somewhat surprising as it would have been reasonable to assume that jobless claims would rise when the temporary hiring for the Olympics ended.
Disclaimer The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities. Visit Us www.deryworldscorp.web.id
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