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The last bearish 'Harami', which has been formed at the last local high, led to the current decline. It's likely that the price is going to reach the lower 'Window' at 1.2953 in the coming hours. If a pullback from this level happens next, there'll be an opportunity to have another upward rally, so we should watch the previously tested resistance at 1.3359 as a possible bullish target.
The number of Americans applying for initial unemployment benefits came in at a larger-than-forecast 870,000 last week, signaling that the recovery in the labor market is losing momentum as the coronavirus pandemic lingers and layoffs continue apace.
The GBP is likely to move upward until it reaches the resistance of 1.2795.
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The number of Americans applying for initial unemployment benefits came in at a larger-than-forecast 870,000 last week, signaling that the recovery in the labor market is losing momentum as the coronavirus pandemic lingers and layoffs continue apace.
The GBP is likely to move upward until it reaches the resistance of 1.2795.
The aussie is expected to plummet for the next six months. What is the reason?
