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FxWirePro: GBP/USD sustains gains near four-month high before U.S. jobs report

• GBP/USD climbed above 1.2900 level on Friday  as sterling firmed ahead of U.S. jobs data.

• The pound has drawn support  as traders expect the Bank of England to cut rates more gradually than other central banks, including the Federal Reserve.

. •  Investor focus has shifted from interest rates to global capital flows, with growing interest in alternatives to the U.S. amid economic uncertainty and trade policy concerns..

• At GMT 11:12, the pair was trading up 0.31% at 1.2916 its highest level since Nov 11th .

•   Immediate resistance is located at 1.2936( 23.6%fib), any close above will push the pair towards 1.2989(Higher BB)

•  Strong support is seen at 1.2866 (Daily low) and break below could take the pair towards 1.2796(38.2%fib).

  Recommendation: Good to buy  around 1.2900, with stop loss of 1.2820 and target price of 1.3000

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