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GBP/USD Technical Analysis August 17, 2018

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GBP USD Technical Analysis August 17 2018

The GBP declined 0.20% against the USD on Thursday and closed at 1.2708. Today in the Asian session while GBP USD technical analysis august 17, 2018 at 7:15 GMT, the GBP/USD is trading at 1.2720, which is 0.10% higher against the USD from yesterday’s close.

In the UK, the data showed that, In July 2018, the quantity purchased increased by 0.7% compared to the previous month. Recovering from a 0.5% decline in June 2018. Compared to the same month last year, the quantity purchased in July 2018 rose by 3.5% compared to a slowdown of growth of 1.1% July 2017. The amount purchased in the non-store retail sector showed strong growth in the month. And year by 4.9% and 16.9%, respectively. Comments from non-trafficked retailers indicate that online promotions encouraged increased sales. While non-food stores reported a drop in viewership in July 2018.

In Europe, UK will not release any Economic Data, but the US will release some Economic Data such as Prelim UoM Consumer Sentiment, CB Leading Index m/m and Prelim UoM Inflation Expectations.

 

gbp usd technical analysis august 17 2018

 

GBP USD technical analysis august 17 2018.The pair is expected to find support at 1.2677. And a fall through could take it to the next support level of 1.2646. The pair may find its first resistance at 1.2746. And a rise through could take it to the next resistance level of 1.2770. For today the expected trading range is between 1.2677, Support and 1.2783 Resistance.

The expected trend for today is Bullish

Supports Levels:      Support 1: 1.2677      Support 2: 1.2623      Support 3: 1.2558

Resistance Levels:  Resistance 1: 1.2750   Resistance 2:  1.2783   Resistance 3: 1.2815

Previous day`s high: 1.2753

Previous day`s low: 1.2684

EUR/USD Technical Analysis August 17, 2018
USD JPY Technical Analysis August 17 2018

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