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• GBP/USD dipped on Friday after data showed that U.S. employers added more jobs than expected in September
• Nonfarm payrolls increased by 254,000 jobs last month. Economists polled had forecast payrolls rising by 140,000 positions.
•The unemployment rate also unexpectedly slipped to 4.1% from 4.2% in August.
•At GMT 15:28, the pair was trading down 0.14 percent at 1.3105, retreating from daily high1.3173.
• Immediate resistance is located at 1.3152( 38.2%fib), any close above will push the pair towards 1.3218(Sep 16th high)
• Strong support is seen at 1.3062(50% fib) and break below could take the pair towards 1.2971 (61.8% fib).
Recommendation: Good to sell around 1.3120 with stop loss of 1.3200 and target price of 1.3020
