GBP/USD recovers from 50% Fib after upbeat UK labor data

UK jobless rate dropped to 42-year low. Wages matched expectations. That helped GBP/USD recover from 1.2810 (50% Fib R of 1.2589-1.3031). The quid is now pressing into 1.2862 (38.2% Fib).

GBPUSD D1 (07-12-2017 1412).png

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s