- UK data released earlier today disappointed market expectations, data showed slowdown in the employment and wage growth
- Sterling was trading relatively weak against the USD following weak data, day's range 1.5604/1.5533
- The pair however recovered from session lows of 1.5558 and is currently trading at 1.5593, as Greenback extends weakness ahead of U.S. open
- Next hurdle for the pair is seen at 1.5653 (Daily High Aug 5), while support on the downside is located at 1.5509 (Daily Cloud Base)
- Later in the US session, the US Jolts job openings figure for June will be watched for further direction
R1: 1.5617 (Daily High Aug 11)
R2: 1.5638 (Daily High Aug 6)
R3: 1.5653 (Daily High Aug 5)
Support Levels:
S1: 1.5509 (Daily Cloud Base)
S2: 1.5459 (Daily Low Aug 10)
S3: 1.5426 (30 DMA Lower Bollinger)
