The GBP/USD trades below 1.2800, balanced on the day. UK unemployment surprised with a drop to 4% but other figures were mixed. The Turkish crisis somewhat eased but it's far from being resolved. The UK labor market report wages excluding bonuses rising 2.7% y/y in June while the unemployment rate fell to a 4-decade low of 4.0% in July. The claimant count rose 6.2K in July after revised 9.0K increase in June. As of writing, the pair is gaining 0.16% at 1.2791 and a break above 1.2827 (high Aug.14) would open the door to 1.2906 (10-day SMA) and then 1.3014 (21-day SMA). On the flip side, the immediate support aligns at 1.2723 (2018 low Aug.10) seconded by 1.2637 (low Jun.12 2017) and finally 1.2591 (monthly low Jun.21 2017).