- The Vesti forecast GBP / USD suggests further in kilogram.
- The US CPI report discovered that inflation accelerated from 0.3% to 0.4%.
- The unemployment requirements in the United States were higher than expected, supporting bets of reduction of feedback.
The welfare forecast of GBP / USD suggests further distance to a pound as merchants equipped to cut down on Wednesday.
UPS and Padua GBP / USD
The GBP / USD finished the week as the dollar fell in front of the expected reduction in the feed values. The data of the United States during the week pointed out a spike in inflation. However, unemployment was also great.
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The US CPI report discovered that inflation accelerated from 0.3% to 0.4% per month. Meanwhile, the annual digit accelerated to 2.9% as expected. However, traders were more directed at a special report that shows the jump in the unemployment requirements. She pointed out the weakness in the labor market, keeping the reduced rates on supply values. As a result, the dollar dropped, allowing a pound to rally.
Key events next week for GBP / USD
Next week market participants will pay attention to data from the United Kingdom, including employment, inflation and retail sales. In the meantime, the US will free up its retail report and the Fed will take a meeting of the policy on Wednesday.
The data in the UK will show a state of growth and inflation, which will form the appearance to reduce the bank speed in England. Meanwhile, merchants expect the Fed to lower 25-BPS lending costs after recent data showed rapidly in the US market.
GBP / USD Sunday technique Technical forecasts: Bulls around 1,3803 Resistance
On the technical page, the price of GBP / USD reversed trading above the 22nd, with RSI above 50. However, although bias turned Bikov, bulls only to confirm a new trend with a larger trend and the lowest. Instead, they struggle to break over the level of resistance of 1,3575.
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The GBP / USD had a strong noise, mostly kept above the 22nd. However, this trend paused when he received Level 1,3803. At this point, the bears took the push of the price below 22-SMA. At the same time, the RSI died below 50 to support the bear momentum. However, the decline could not exceed 1,3200 support. As a result, the bulls took over, pushing the price above SMA.
They must now be violated above 1,3803 resistance to continue the previous rally. If they fail the second time, the bears can return stronger to try to reverse the trend.
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