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FxWirePro: GBP/ USD sustains gains as uptrend remains strong

• GBP/USD strengthened on Thursday   as US dollar eased  ahead of U.S. payrolls data .

• The focus will be on Friday's non-farm payrolls report for November, which is expected to see a 200,000-job increase after only 12,000 in October the lowest level since December 2020.

• The U.S. payroll report on Friday will be followed next week by inflation data for November..

• At GMT 06.07,the dollar was down 0.16% at 1.2727 against Chinese Yuan.

•   Immediate resistance is located at 1.2727(38.2%fib), any close above will push the pair towards 1.2833(50%fib)

•  Strong support is seen at 1.2606(23.6%fib) and break below could take the pair towards 1.2467(Lower BB).

  Recommendation: Good to buy around 1.2700 , with stop loss of 1.2620  and target price of 1.2830

 

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