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FxWirePro: GBP/USD dips as dollar firms on strong US jobs report

• 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

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