• GBP/USD strengthened on Thursday as investors awaited U.S. payrolls data for more cues on the Federal Reserve's monetary policy path.
• 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 10.13,the sterling was up 0.19% at 1.2722 against dollar
• 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
