GBP/USD:SELL From Resistance Trendline Bearish Channel SHORT

GBP/USD inside a Bearish channel today can have a reversal from the upper side of the dynamic trendline of the channel resistance for a new reversal in the direction of the main trend. The Stochastic indicator is in the overbought area with divergence and we are looking for a new reversal on the lower side of the chart. Today there is the US Unemployment Claims that measure The number of individuals who filed for unemployment insurance for the first time during the past week, Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy. If this data will show a lower number of claims, this will give a boost for the USD to grow and for the GBP to fall.

Kommentar: