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Forex pairs in this Article » GBP/USD
GBP/USD climbed from its morning low at 1.6318 this morning, to post a high at 1.6370 before declining steadily in the build up to NFP’s, accelerating further on the better than expected employment data to post a monthly low at 1.6293.

GBP/USD falls following improving NFP data

US Non Farm Payrolls data came in at 203k, beating expectations of 180k, only just lower than the previous months 204k reading. US Unemployment numbers also improved at 7.0% which beat expectations of 7.2%, causing GBP/USD to accelerate its decline in the initial reaction, before retracing back to where it is presently trading at 1.6325.

What does GBP/USD sentiment look like?

The hourly OB/OS Index is neutralwhile the Trend Index is slightly bullish. Hourly RSI is 50 at the moment and the ADX is at 18. At present the 200-period SMA is at bullish at 16330 and the exponential average closing price for the last 20 days is sloping higher at 1.6230.

What are today’s key GBP/USD levels?

Matt Bacon-Hall of FXBeat sees resistance today at “1.6490-00 Option and macro offers, 1.6440-50 Leveraged and corporate offers, & 1.6390-10 Offers for a variety of accounts”, and support below at “1.6300 Sell stops commence, 1.6280 More sell stops, mostly prop accounts, 1.6250-60 light bids, & 1.6200-20 bids for a variety of accounts.” Todayś central pivot point can be found at 1.6347, with support below at 1.6289 (S1), 1.6240 (S2) and 1.6182 (S3) and resistance above at 1.6396 (R1), 1.6454 (R2) and 1.6503 (R3).
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