Headlines the Economic Calendar on Tuesday
The US JOLTs Job Openings: The US Bureau of Labor Statistics will release its opening survey for October. On average, economists expect that the job vacancies ease to 6.600 million in February from 6.963 million in January
Canada Ivey PMI: will be widely followed by the market. Ivey PMI is expected to ease to 41.0 in March from 54.1 over the previous month. A lower realization than expected would be negative for the against the Greenback.
Technical Analysis:
GBP/USD: The pair showed an upward movement in the Asian Trading Session and then moved up above the key support level of 1.2286. As long as the price stays above 1.2286 on a four hourly basis, we will see the resistance level at 1.2364. On the other hand, if the price breaks down below 1.2286, the next support level will be at 1.2205.
Support: 1.2286 – 1.2205 – 1.2110
Resistance: 1.2364 – 1.2428 – 1.2502
USD/JPY: The pair is currently trading above the 108.79 level. If the price…
