Source: PaxForex Premium Analytics Portal, Technical Insight

Britain: The unemployment situation is better than expected:

• Britain: March, claims for unemployment benefits 10.1 thousand vs. pre. 67.3 thousand (revised from 86.6 thousand);
• Unemployment rate 7.3% vs. pre. 7.3% (revised from 7.5%);
• February, ILO unemployment rate 4.9% vs. 5.0% forecast and pre. 5.0%;
• Employment rate -73 ths. vs. the forecast of -145 ths. and pre. 147 ths. February, 
• Average Weekly Earnings including bonuses +4.5% 3m/y vs. pre. +4.8%;
• Average weekly earnings excluding bonuses +4.4% 3m/y vs. forecast +4.2% and pre. +4.3% (revised from +4.2%).

GBP/USD, 30 min

Pivot: 1.3929

Analysis:

Provided that the currency pair is traded below 1.3975, follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 1.3929
• Take Profit 1: 1.3900
• Take Profit 2: 1.3870

Alternative scenario: 

In case of breakout of the level 1.3975, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 1.3975
• Take Profit 1: 1.4010
• Take Profit 2: 1.4040

Comment:

RSI shows descending momentum during the day.

Key levels:

GBP/USD, D1

Pivot: 1.3992

Analysis:

While the price is above 1.3670, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.3992
• Take Profit 1: 1.4240
• Take Profit 2: 1.4370

Alternative scenario:

If the level 1.3670 is broken-down, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 1.3670
• Take Profit 1: 1.3450
• Take Profit 2: 1.3260

Comment:

RSI indicates that an uptrend continues in the medium term.

Key levels:

We also advise you to pay attention to the following currency pairs for intraday trading:

EUR/USD – sell below 1.2050 with 1.2000 and 1.1980 as Take Profit targets. Alternative scenario - if the level of 1.2050 is broken-out, you should consider buying with the targets 1.2070 and 1.2090 as Take Profit.
USD/CAD - long positions above 1.2570 with 1.2650 and 1.2670 targets as Take Profit. Alternative scenario - if the level of 1.2570 is broken-down,  sell with the targets 1.2550 and 1.2525 as Take Profit.
NZD/USD –  buy above 0.7146 with 0.7231 and 0.7249 targets as Take Profit. Alternative scenario - if the level 0.7146 is broken-down, sell with the TP 0.7116 and 0.7098.