The Sterling is hovering near the August highs following the NFP (Non-farm Payrolls) data. GBP/USD is in search for directions as the market is neutral this Friday near 1.2312 GBP/USD daily chart The GBP/USD currency pair is in a bear trend below the 100 and 200-day simple moving averages (SMAs). However, the Sterling rebounded sharply from multi-year lows creating a double bottom in the process. 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. GBP/USD 4-hour chart GBP/USD is consolidating the recent gains above the 1.2281 support. If bulls intend to extend the recent recovery, they need to overcome 1.2348 resistance to lift the market towards 1.2384 and 1.2422 resistance levels, according to the Technical Confluences Indicator. GBP/USD 30-minute chart GBP/USD is trading in the middle of its daily range below the 50 SMAs, suggesting a consolidation in the near term. Bears need to reclaim the 1.2312 support followed by 1.2281 and 1.2243 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 White House adviser Kudlow: It’s good thing if Fed lowers rates in September and October FX Street 4 years The Sterling is hovering near the August highs following the NFP (Non-farm Payrolls) data. GBP/USD is in search for directions as the market is neutral this Friday near 1.2312 GBP/USD daily chart The GBP/USD currency pair is in a bear trend below the 100 and 200-day simple moving averages (SMAs). However, the Sterling rebounded sharply from multi-year lows creating a double bottom in the process. 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,… 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.
