A moderate intraday low for GBP/USD is offered following Friday’s big losses. Leading British economists criticize the Bank of England’s slow action as WHO’s Kluge hints at a pause in the spread of Covid infections. Even as yields pull back from multi-day highs, the dollar holds on to a post-NFP recovery from a three-week low. While the GBP/USD price is down for the second consecutive day ahead of the London open on Monday. It remains near intraday lows of 1.3520. –Are you interested in learning more about forex signals telegram groups? Check our detailed guide- In the wake of the monthly jobs report, the US dollar index (DXY) rebounded from a three-week low, causing the cable pair to fall the most in a week. Furthermore, the quote is affected by Brexit and UK political concerns and the cautious mood leading up to Thursday’s Brexit talks between UK Foreign Secretary Liz Truss and European Commission Vice-President Maros Sefcovic, not to mention UK GDP preliminary readings for the fourth quarter to be released Friday. According to the US Bureau of Labor Statistics (BLS), the January jobs data may have caused Friday’s DXY jump. Although, Nonfarm Payrolls (NFP) rose 467k in December from the median estimate of 150k, up from the previously revised 510k, with the unemployment rate rising from 3.9% to 4.0%, against unchanged expectations. Underemployment has gone from 7.3% to 7.1% for U6, but it is worth noting that it increased from 7.3% to 7.1%. An increase in the hourly wage of 5.7% from 4.9% also pleases the dollar buyers. The fishermen in Britain are pessimistic about Brexit while British Prime Minister Boris Johnson has hired “mastermind” Isaac Levido to keep his job, UK Express reported. However, according to Dr. Hans Kluge, Director of WHO’s European Region, “for the time being, the number of fatalities in the region has begun to stabilize.” In addition, former economic adviser to Gordon Brown and Boris Johnson Gerard Lyons criticized the Bank of England’s slow pace, citing Bailey’s inability to prevent inflation. He warned of the cost of the living crisis being exacerbated by bank failures due to a complacent attitude towards higher prices. The US 10-year Treasury yield rose to its highest level in two years following the jobs report but fell to 1.90%. Even after surprising markets with a positive daily close on Friday, shares remain sluggish. Get FREE Forex Signals Now! Traders could take a breather earlier in the week after a volatile week due to a light calendar. Nevertheless, Brexit tensions and disappointment in the UK GDP could weigh on the pair. GBP/USD price technical analysis: Bulls finding no respite The GBP/USD price remains in hot waters below the 20-period SMA on the 4-hour chart. The pair found minor support around the 200-period SMA. However, the price remains vulnerable and may fall below the 1.3500 mark. The next support emerges at 1.3460 ahead of 1.3400. –Are you interested in learning more about MT5 brokers? Check our detailed guide- Alternatively, the GBP/USD price may turn upwards if the price manages to close the bar above 20-period SMA. However, the 1.3600 level remains strong resistance ahead of 1.3650. Looking to trade forex now? Invest at eToro! Trade Forex Now! 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money Saqib Iqbal Saqib Iqbal Saqib Iqbal is a market analyst, prop fund trader and mentor, serving the industry with his analysis and educational content since 2011. The author has great exposure to different financial markets and institutions. He's well-known for his day trading reviews and multiple timeframe analysis. View All Post By Saqib Iqbal Majors share Read Next Free Forex Signals and Forecast: Buy USD/ZAR – 7 Feb 2022 Olimpiu Tuns 4 months A moderate intraday low for GBP/USD is offered following Friday's big losses. Leading British economists criticize the Bank of England's slow action as WHO's Kluge hints at a pause in the spread of Covid infections. Even as yields pull back from multi-day highs, the dollar holds on to a post-NFP recovery from a three-week low. While the GBP/USD price is down for the second consecutive day ahead of the London open on Monday. It remains near intraday lows of 1.3520. -Are you interested in learning more about forex signals telegram groups? Check our detailed guide- In the wake of the… Regulated 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.