The Sterling is easing from the weekly high. The key level to beat for bears is the 1.2281 support. Fed’s Powell is speaking and is optimistic about the economy in the United States, helping USD. GBP/USD daily chart The Sterling is trading in a bear trend below the main daily simple moving averages (SMAs). However, Earlier in the New York session, the Non-farm Payrolls (NFP) in the United States (US) came in below expectations with only 130K jobs added in August vs. 158K forecast. However, the wages, the Average Hourly Earnings, beat expectations with 3.2% vs. 3.1% forecast. Federal Reserve’s Chairman says that the “economy continues to perform well, longest expansion since records began.” GBP/USD 4-hour chart GBP/USD is consolidating the recent gains above the 1.2281 support. If bulls intend to resume the recent recovery, the market will need to regain the 1.2348 resistance, according to the Technical Confluences Indicator. GBP/USD 30-minute chart GBP/USD is trading near the daily lows below the 50 SMAs and challenging the 100 SMA. The market is consolidating in the near term. Bears need to reclaim the 1.2281 support followed by the 1.2243 price levels, according to the Technical Confluences Indicator. Additional key 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 Breaking: FOMC Chair Powell says FOMC is not missing out joining the party on digital currencies FX Street 4 years The Sterling is easing from the weekly high. The key level to beat for bears is the 1.2281 support. Fed's Powell is speaking and is optimistic about the economy in the United States, helping USD. GBP/USD daily chart The Sterling is trading in a bear trend below the main daily simple moving averages (SMAs). However, Earlier in the New York session, the Non-farm Payrolls (NFP) in the United States (US) came in below expectations with only 130K jobs added in August vs. 158K forecast. However, the wages, the Average Hourly Earnings, beat expectations with 3.2%… 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.
