The British pound rose 140 points on Friday against strong US employment data. Nonfarm Employment Change showed an increase of 263 thousand in April against an expectation of 181 thousand, the unemployment rate was at its lowest in the last 49 years – 3.6%. Since there was no other news, especially Brexit, we can assume that there was a speculative attack attack on the middle-hand players.
On Friday, the pound’s growth did not reach the correction level of 61.8%. Today, in the Asian session, a reverse movement has begun across the entire spectrum of the market, including metals and crops. The dollar returns its position.
An unexpressed divergence with the marlin oscillator formed on the four-hour chart. The signal is sufficient in most cases to turn the instrument. After the price leaves the MACD line on the daily chart (1.3060), we are waiting for the pound sterling to gain – a decline to 1.2986 (Fibonacci 23.6%) and further into the range of 1.2772-1.2814.
The material has been provided by InstaForex Company – www.instaforex.com
GBP/USD
The British pound rose 140 points on Friday against strong US employment data. Nonfarm Employment Change showed an increase of 263 thousand in April against an expectation of 181 thousand, the unemployment rate was at its lowest in the last 49 years – 3.6%. Since there was no other news, especially Brexit, we can assume that there was a speculative attack attack on the middle-hand players.
On Friday, the pound’s growth did not reach the correction level of 61.8%. Today, in the Asian session, a reverse movement has begun across the entire spectrum of the market, including metals and crops. The dollar returns its position.
An unexpressed divergence with the marlin oscillator formed on the four-hour chart. The signal is sufficient in most cases to turn the instrument. After the price leaves the MACD line on the daily chart (1.3060), we are waiting for the pound sterling to gain – a decline to 1.2986 (Fibonacci 23.6%) and further into the range of 1.2772-1.2814.
The material has been provided by InstaForex Company – www.instaforex.com
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