Wednesday, March 20, 2019

GBPUSD 1 2500 pierced on British

GBP / USD 1.2500 pierced on British statistics

Britain issued a contradictory and mixed block of statistics on the labor market, which reflected growth in both indicators of wages and the number of unemployed, and the GBP / USD reacted to them jump to a session high near 1.2520, and then rolled back to the round mark.

Resistance noted at 1.2520 (April 12 maximum), 1.2562 (the high of March 31) and 1.2633 (200-day sma). Support extends to 1.2458 (20 day sma), 1.2419 (100- day sma) and 1.2401 (low of April 11).


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