FxWirePro:GBP/USD slips lower as strong U.S. jobs data lifts dollar

• GBP/USD slipped lower on Friday  as the U.S. dollar strengthened following a stronger-than-expected U.S. jobs report, which eased concerns about the health of the American labor market.

•. Labor Department data showed U.S. employers added 139,000 jobs in May—slightly below April’s 147,000 but above economists’ forecast of 130,000.

• The U.S. unemployment rate held steady at 4.2% in May, matching economists' expectations. This stability suggests that while job creation may be slowing, the overall labor market remains relatively resilient.

• Markets now expect the Fed to hold off on rate cuts until September, with only one cut projected by year-end, as traders scale back expectations for a third move.

•   Immediate resistance is located at 1.3611(23.6%fib), any close above will push the pair towards 1.3659( Higher BB)

•  Strong support is seen at 1.3480(38.2%  fib) and break below could take the pair towards 1.3412(May 29th low).

  Recommendation: Good to buy around 1.3550 with stop loss of 1.3430 and target price of 1.3680.