• GBP/USD slipped to two -week low on Friday after stronger-than-expected U.S. employment data boosted the dollar.
• Nonfarm payrolls increased by 172,000 last month, after an upwardly revised 179,000 gain in April, the Bureau of Labor Statistics reported..
• Annual wage growth eased to 3.4% from 3.6% in April, while inflation rose at its fastest pace in three years in April, according to government data released last week..
• Annual wage growth slowed to 3.4% from 3.6% in April, while inflation accelerated to its fastest pace in three years, government data showed last week..
• Attention is now focused on the June 16–17 FOMC meeting, the first to be chaired by Warsh, adding fresh uncertainty to the policy outlook.
• Immediate resistance is located at 1.3410(50%fib) , any close above will push the pair towards 1.3450(SMA 20)
• Strong support is seen at 1.3301(38.2%fib) and break below could take the pair towards 1.3292(Lower BB).
Recommendation: Good to sell around 1.3380, with stop loss of 1.3470 and target price of 1.3320
