Tuesday, October 17, 2017

Various Pound pairs indicate positive unemployment news


A few hours from now, British unemployment news is expected to come in. The rate of income includes bonuses at 2.1% as in the previous month and the rate of change in unemployment will increase by increasing the complaints of the unemployed by 1000 complaints. This is worse than the previous month. The unemployment rate is expected to remain at 4.3%Despite the negative remarks by Deputy Governor of the Bank of England David Ramsdan that there are no signs of rising wages in the wake of rising inflation, the GBP chart gives us positive signals regarding the expected unemployment newsSo leave the basic analysis and go to technical analysisLook at the four-hour sterling's four-hour candlestick (candle four and fifth in candles on Oct. 17) to touch the 161.8% Fibonacci level of the wave between October 13th and October 9th and renounce the 147.8 level flat and close above. The fifth four hours of the day of October 17 touched 76.4% of the Fibonacci extension extended between October 13 and October 9th, so we find that the price entered the Fibonacci Cluster area and is expected to rebound upwards and I expect a positive unemployment report to push the GBP JPY
 Looking at the GBP / USD chart, we find that despite the decline today, but today's candlestick closed the top of the Tishanukan line of the Kinoko Hayo system and also closed the daily moving average 50
 If we look at the Pound's 4-hour CFD, we find that the fourth candle on October 17 touched the Kijin line of the Eishmoku Kinko Hayo system and rebounded upwards and the next two candlesticks did not touch it again and therefore the price is expected to bounce higher




No comments:

Post a Comment