The pair GBP/USD has been stable for several previous days. During Wednesday trading the pound was supported by the reduced number of jobless claims. At the same time, the growth of salary in September slowed down and made up 2.2% like a month before.
Yesterday US dollar showed mixed dynamics. Retail sales in the USA grew by 0.2% in October which was better than the outlook but considerably lower than September indicator. CPI grew by 2.0% confirming the outlook.
Today’s releases from the UK include the data on retail sales (11:30 GMT+2) and statements by the head of the Bank of England Mark Carney (16:00 GMT+2). The USA will respond with the data on changes in jobless claims (15:30 GMT+2) and industrial output (16:15 GMT+2).
Support levels: 1.3160, 1.3130, 1.3100, 1.3070, 1.3050.
Resistance levels: 1.3200, 1.3250, 1.3300.
Sale orders may be placed from the level of 1.3150 with target at 1.3100, 1.3070 and stop-loss at 1.3180.
Long positions may be opened from the level of 1.3200 with targets at 1.3250 and stop-loss at 1.3170.
The period of implementation is 1-3 days.