Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
Average wages in the UK lagged, increasing by just 6.1% over the last three months of the previous year, the lowest growth since October 2022 and below the 6.2% increase in the preceding period. Forecasts said it will remain at 6.2%. Meanwhile, the unemployment rate rose from 3.8% to 3.9%, surpassing the forecast of 3.8%. The number of new jobs fell to 21,000.
These data, along with the expectation that US inflation will increase from 0.3% to 0.4% and stabilize at a yearly rate of 3.1%, may exert additional pressure on the pair.
Technical outlook and trading idea:
The price currently lies under the Bollinger Bands, below SMA 5 and SMA 14. The RSI also decreased, crossing the 50% level. Similarly, the stochastic indicator turned down again.
Most likely, breaking through the resistance level of 1.2790 will strengthen the downward trend, which will lead to a decline towards 1.2725.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
