Yesterday, the GBP/USD pair increased up towards its resistance level, however once the pair test the resistance to break above, the pair lost momentum and declined back.
The movement remained sideways before today’s UK labor data releases.
At 9:30am GMT the UK Claimant Count Change, Unemployment rate and Average Earning Index will come out. The prediction is to see slightly worse figures that last month which may push the pair back to the support line. The movement is sideways.
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