Tickmill’s Investing Diva, GBPUSD Daily Outlook 12-06-20

Feb 7, 2024 - 10:51

GBPUSD Daily Outlook – On Thursday the US weekly unemployment claims came in better than expected, and the total claims number has fallen for 10 straight weeks but still remains extremely high on a historical basis. In Europe, the regulators proposed to ease a pandemic-induced ban on most travel to the bloc as of July 1 while leaving the details to be worked out later this month. Welcome to the Tickmill update, I’m Kiana Danial the founder of the Invest Diva movement. Make sure to subscribe to the <a href="https://www.youtube.com/channel/UCygXlFW43dWBKnNty1s-W_g">Tickmill YouTube channel</a> and support us by liking and sharing this video with your forex trading friends. On Friday we’ll be eyeing the UK GDP and the US Michigan Consumer Sentiment in terms of economic events. <iframe src="https://www.youtube.com/embed/5Q0hYdTmtDE" width="100%" height="481" frameborder="0" allowfullscreen="allowfullscreen" data-mce-fragment="1"></iframe> Today we’re looking at the GBP/USD pair which found resistance at 1.28 and is now pulling back towards the 50% Fibonacci retracement level of 1.245. On the 4-hour chart, the Ichimoku cloud is trying to provide support. The long-term support is set at 1.22. Do you think the uptrend is over for the pair or this is just a temporary pullback? Head over to the comments section and let me know. Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company. High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% and 70% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The post <a rel="nofollow" href="https://blog.tickmill.com/market-news/tickmills-investing-diva-gbpusd-daily-outlook-12-06-20/">Tickmill’s Investing Diva, GBPUSD Daily Outlook 12-06-20</a> appeared first on <a rel="nofollow" href="https://blog.tickmill.com">Tickmill</a>.

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