FxWirePro: GBP/USD remains bullish as rally continues
The GBP/USD has resumed its bullish momentum on Friday, as the dollar was back under bearish pressure after U.S. jobs growth came in below expectations. U.S. jobs increased by a slower-than-expected 151,000 in August, ag…
The GBP/USD has resumed its bullish momentum on Friday, as the dollar was back under bearish pressure after U.S. jobs growth came in below expectations.
U.S. jobs increased by a slower-than-expected 151,000 in August, against expectations for a rise of 180,000.
The pair is all set to move in quick succession towards 1.3400 levels in the near term, as British pound is stronger against the green back in the intraday trading.
To the upside, the strong resistance can be seen at 1.3370, a break above this level would expose to cable to next resistance level at 1.3423.
To the downside immediate support can be seen at 1.3284, a break below at this level will open the door towards next level at 1.3224.
