One hour until average weekly earnings
FxPremiere.com The average weekly earnings for the UK are out at 09:29. They are expected to come in at 3.2%, which is a continued average earnings. The 200 EMA should hold into the data on the 1 hour charts.
GBP/USD keeps the red below 1.2902 handle | UK jobs data
Technical levels to watch out for
The 1.2832 region might continue to support, which if broken might turn the break through the 1.2801 handle and aim towards testing its next support near mid-1.2702. On the other side, resistance is near the 1.2922-32 region, above which the pair is to make a fresh attempt to the key 1.3001 mark.
EUR/USD Technical Analysis: Euro above 1.1353 correlationGBP/USD and EUR/USD correlation seen
• Fails to capitalize on the overnight news led by the UK PM Theresa May Brexit Plan B Action
• The global flight to safety pins USD and stops some down pressure.
• Down side remains limited ahead of the UK jobs report data.
The GBP/USD pair held on to its softer tone through the early EU session and refreshes daily lows in the last hour.
Global growth boosted the US Dollar‘s perceived safe-haven demand and turned out to be one of the key factors failing to assist the pair to capitalize from the 1.2832 support area.
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