GBP / USD is offered over a 5-day MA at 1.5174 in Asia, after the pair fell back to trade around 1.5155 ahead of UK wage growth data.
Trading above the 100-hour MA
The pair currently sits atop the 100-hour MA is located at the 1.5142 level. Closest focusing on UK data, which could show growth of wages including bonuses ticked higher in the three months to September.
Cable bull fighting against USD during the European session and NY Tuesday to extend technical recovery to 1.5186 in Asia today.
Technical level of GBP / USD
At 1.5157, immediate support is seen at 1.5138 (23.6% of the decline last week), in which the pair could extend decline to 1.5087 (61.8% of the rally from April to June). On the other hand, resistance is seen at 1.5174 (5-day MA) and 1.5206 (38.2% of the decline last week), on top of that this pair could test the 1.5248 (50% of the rally from April to June) ,
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