The GBP/USD registered decent gains of more than 0.20% on Friday after June’s US jobs data showed the economy added more jobs than expected, though a revision lower of April and May’s figures hinted the labor market weakened further.
GBP/USD climbs over 0.20%, after US jobs report reveals June gains but revises down April and May. Bullish technical outlook as GBP/USD nears key resistance at 1.2660/75. Resistance levels: 1.2800, 1.2894 , 1.2900, 1.2995 , approaching 1.3000. Support points: 1.2733 , 1.2709 , 1.2700, 1.2673 . The major trades at 1.2790, above its opening price, after hitting a daily low of 1.2752. GBP/USD Price Analysis: Technical outlook The GBP/USD has fluctuated around the 1.
For a bearish reversal, sellers will expect the exchange rate to fall below the July 4 daily low of 1.2733. This will expose April’s 8 high, which turned support at 1.2709 before exposing 1.2700. On further losses, that will expose the 50-day moving average at 1.2673. GBP/USD Price Action – Daily Chart British Pound PRICE Today The table below shows the percentage change of British Pound against listed major currencies today. British Pound was the strongest against the Canadian Dollar.
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