FxWirePro: GBP/USD falls sharply after upbeat US jobs data, plunge to test a key fibo grows

• GBP/USD slipped  sharply lower  on Friday   after data showed the world's largest economy created more jobs than expected last month.

• The U.S. economy added 256,000 jobs in December, according to a Labor Department report, far surpassing economists' expectations of a 160,000 increase.

• The U.S. unemployment rate dropped to 4.1% in December, surpassing the expected figure of 4.2%.

• At GMT 13:51, Sterling was last down 0.70% on the dollar at 1.2216, its lowest since 13th Nov 2023. 

•  Immediate resistance is located at 1.2314 (38.2%fib), any close above will push the pair towards 1.2365(Jan 9th high).

•  Support is seen at 1.2181(23.6%fib) and break below could take the pair towards 1.2100(Psychological level).

Recommendation: Good to sell around 1.2250 with stop loss of 1.2400 and target price of 1.2150