GBPUSD Daily Outlook 08-07-20 - On Tuesday we found out that U.S. job openings unexpectedly increased in May as state economies reopened and businesses looked to hire new employees, Fed’s Bostic saw Signs That Economic Activity Is Leveling Off, Top British and EU negotiators announced they’ll dine together, kicking off the latest round of Brexit talks, with the top EU official saying he wants an agreement, “but not at any price”. Last but not least, RBA kept interest rates unchanged as expected.

Welcome to the Tickmill update, I’m Kiana Danial the founder of the Invest Diva movement. Make sure to subscribe to the Tickmill YouTube channel and support us by liking and sharing this video with your forex trading friends.

On Wednesday we’ll be looking at the UK supplementary budget as well as China’s inflation rate.



Today I’m looking at the GBP/USD pair which continues to range between 1.27 and 1.22.

It was unable to break below the daily Ichimoku cloud last week and now appears to be heading back up towards the upper band of the range. With the future cloud thinning, we could expect the pair to top out once it hits the resistance level to head back down towards the lower band of the range.

Are you on camp bull or camp bear for GBP/USD? Head over to the comments section and let me know.

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