Are you searching for a strong currency which is racing on the trading chart? Guess what? Now you can make some great Pips on the GBP/USD and begin your journey as a successful trader!
I will share what I believe to be the GBP/USD movement on the trading chart today. I will explain in detail why this is going to happen.
- GBP/USD currency pair is now going high towards the 1.3090 level because of fresh UK figures.
- The Bank of England upcoming conference is not creating any vibes.
- The Claimant Count Change did not land according to the August predictions.
According to FxEmpire.com today the GBP/USD currency pair is trading upwards in the close vicinity of the 1.3080 level and there are solid sources that this ascension will not end here and in the near future I believe that fresh new levels are going to appear.
GBP/USD currency pair continues to focus heavily on UK Brexit
I believe that the GBP/USD shared currency pair has received massive influence today from the releases of the labor market data in the United Kingdom. This is also where the Claimant Count Change posted an increase of +8.700 which is below most expectations for the previous month of August.
I also believe that the releases of the unemployment figures has managed to increase the overall trading process because it has managed to post a positive value of +4.0% and this time this one has landed exactly in accordance with most expectations.
Some positive headlines have been coming in from the European Union Brexit negotiations and the man leading the negotiations charge Mr. M.Barnier has declared that the negotiations are going to end sooner than everyone expects. Until then I advise all trading participants to keep their actions on the trading chart as risk free as possible.
Forex and Profits presents Today’s Forex Forecast
Today I recommend using the BUY actions as much as possible.
Let us know how do you feel about the data released earlier today in the UK? Will the GBP/USD continue to gain ground?
A summary of Highs and Lows for the GBP/USD
Highest level = 1.3087
Lowest level = 1.2978
Volatility = Very High
Today’s Free Forex signal
We advise you to:
S3 = 1.2750 S2= 1.2890 S1 = 1.2916
R1 = 1.3083 R2 = 1.3116 R3 = 1.3253
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Which trading levels can you expect for the GBP/USD?
For the time being the GBP/USD shared currency pair is going upwards by a positive value of +0.05% and it is trading in the close vicinity of the 1.3030 level and I believe that by breaching the 1.3086 barrier this will clear the trading path towards the 1.3144 level at first followed close up by the 1.3205 level.
On the other side of the medal there are several solid data beginning with the 1.2955 level continuing with the 1.2880 point and lastly ending with the 1.2785 point.
We value your opinion very much let us know how you feel about our predictions?