Intra-Day News and Views & data to be released today - GBP/USD

AceTrader Team AceTrader

Intra-Day Market Moving News and Views
Update Time: 16 Apr 2019 03:00GMT

GBP/USD - 1.3088.. Cable trades relatively narrowly in directionless Asian morning and inches lower in tandem with intra-day softness in the euro.

Despite Mon's erratic rise from to 1.3119 in New York morning following Brexit headlines, failure to re-test Friday's 1.3133 top triggered profit taking and price edged back to 1.3087, then 1.3079 in Asia.
As cable's rise from 1.2987 to 1.3133 is highlighted by a series of higher highs and high lows, suggesting as long as 1.3068 (Friday's New York low) holds, marginal gain towards 1.3150 is likely before prospect of decline later.
Bids are noted at 1.3075-70 with stops touted below 1.3050.
On the upside, offers are tipped at 1.3120/30 with stops above 1.3150.

Pay attention to release of U.K. jobs data at 08:30GMT where claimant counts, unemployment rate, employment change, average weekly earnings will released.

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AceTrader Team

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Led by world-renowned technical analyst Wilson Leung, we have a team of 7 analysts monitoring the market and updating our recommendations and commentaries 24 hours a day.

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