GBPUSD pair jumped up after hitting the support

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GBPUSD pair jumped up after hitting the support

GBPUSD pair jumped up: Tuesday, August 28th, Forex market update.

It’s Monday, August 28th, My name is Kiana Danial, CEO of Invest Diva and here is your forex report. The markets were focused on Jackson Hole summit on Friday, but with Fed head’s Janet Yellen failing to deliver any new policies, the USD got sold out across the board.

The GBP/USD pair jumped up after hitting the support of 1.28, and it opened above the daily Ichimoku cloud on today’s market open, although with a slight bearish sentiment. Coming up today we have the Advance Goods Trade Balance (JUL) during the New York session at 12:30 PM GMT.

Later during the next day’s Asian session, Japan will release their Jobless Rate (JUL) and Household Spending (JUL) at 11:30 PM GMT. Household spending is expected to tick higher to 0.7% from previous reading of 2.3% on a YOY basis. Thanks for watching, invest responsibly and I wish you the best of luck making pips by trading forex.

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