FOMC TONE Technical Analysis, Thursday, July 8, US Continuing Jobless Claims
US Continuing Jobless Claims are published by the US Department of Labor and measure the number of people who are unemployed and currently receiving unemployment benefits. This represents a strengthening in the labor market. An increase in this indicator has an adverse impact on the cost of consumer spending wich will weaken economic growth.
The GBPUSD pair is only bullish when trading above the 1.3840 level, key resistance lies at the 1.3960 and 1.4000 levels.
If the GBPUSD pair trades below the 1.3840 level, sellers may test the 1.3790 and 1.3700 levels.
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