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GBP/USD Price Analysis: Rises to near 1.2750 ahead of UK jobs data

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GBPUSD News

Technical Analysis,Majors

GBP/USD extends its gains for the second successive session ahead of employment data release from the United Kingdom (UK), trading around 1.2740 during the Asian session on Tuesday.

GBP/USD could find resistance around the psychological level of 1.2800. The momentum indicator MACD suggests a confirmation of a bullish trend for the pair. The 21-day EMA at 1.2712 appears as the immediate support, followed by the lower boundary of the rising channel at 1.2700. GBP/USD extends its gains for the second successive session ahead of employment data release from the United Kingdom , trading around 1.2740 during the Asian session on Tuesday.

A breakthrough above this level could lead the pair to test the upper threshold of the rising channel around the level of 1.2970. On the downside, the immediate support appears at the 21-day Exponential Moving Average at 1.2712, followed by the lower boundary of the rising channel at 1.2700. A break below the latter could exert pressure on the GBP/USD pair to navigate the area around the throwback support at 1.2450. GBP/USD: Daily Chart GBP/USD Overview Today last price 1.

 

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