GBP/USD trades 0.68% lower on Friday after a positive session for the greenback. The dollar was boosted by an impressive non-farm payroll result. GBP/USD hourly chart After what seems like an eternity the US dollar has made a comeback today. The non-farm payroll data was the catalyst as the number beat analyst estimates of 1.6 million to print at 1.763 million. It will now be interesting to see if the price can continue to mean revert next week or carry back on with its relentless trend to the upside. Next week it is the UK’s turn to release their latest employment data but it is hard to get the true figures as the Furlough system has not come to an end. Looking at the chart now and the reversal has not completed its pattern. If the red support zone just under 1.30 breaks to the downside that would be a good indication that the trend might change as the wave low would be taken out. Then technicians may be looking for a lower high lower low pattern to be created. For now, it is too early to call a trend change. On the upside, if the price breaks back above the resistance level at 1.31 then it could be over for the bears. Today it seems that the purple support level was very effective. It had been used on a couple of other occasions and this time the bulls were lying in wait. The indicators are looking very bearish right now on the hourly chart. The Relative Strength Index has hit the oversold area and might retrace before the next move down. The MACD histogram is firmly in the red and the signal lines are under the mid-zone. Next week is pivotal for the pair as US CPI is out and the aforementioned UK employment figures. The main level to watch is the red horizontal line on the chart below. Additional levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Cryptocurrency Market News: Bitcoin’s dominance hits a 12-month low but could recover amid a market crash FX Street 2 years GBP/USD trades 0.68% lower on Friday after a positive session for the greenback. The dollar was boosted by an impressive non-farm payroll result. GBP/USD hourly chart After what seems like an eternity the US dollar has made a comeback today. The non-farm payroll data was the catalyst as the number beat analyst estimates of 1.6 million to print at 1.763 million. It will now be interesting to see if the price can continue to mean revert next week or carry back on with its relentless trend to the upside. Next week it is the UK's turn to release their latest employment… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.