- GBP/USD is off the daily lows after the release of the US Non-Farm Payrolls (NFP).
- The job report for September came in at 136K vs. 145K, while wages also disappointed at 2.9% vs. 3.2% forecast.
- The level to beat for sellers is seen at the 1.2280 support.
GBP/USD daily chart
The Pound is trading in a downtrend below the 100 and 200-day simple moving averages (DSMAs). The US Non-Farm Payrolls came below expectations at 136K vs. 145K in September, while wages also disappointed at 2.9% vs. 3.2% forecast.
GBP/USD four-hour chart
GBP/USD is trading below the main SMAs, suggesting a bearish bias in the medium term. A break below 1.2280 can lead to 1.2240/20 and 1.2160 support levels, according to the Technical Confluences Indicator.
GBP/USD 30-minute
The Pound/US Dollar exchange rate is challenging the 200 SMA on the 30-minute chart, suggesting a consolidation in the short term. Immediate resistances are seen at the 1.2340/60 and 1.2420 price levels, according to the Technical Confluences Indicator.
Additional key levels
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