GBP/USD has been trading around 1.36 as tensions grow toward US Nonfarm Payrolls. Things may turn in favor of the currency pair as optimism about vaccine approval and deployment may boost the pound, Yohay Elam, an Analyst at FXStreet, reports. See – Nonfarm Payrolls Preview: Forecast from five major banks for December jobs report Key quotes “Britain is ramping up its efforts to beat the virus. Regulators are set to approve Moderna’s vaccine, bringing the total number of immunization schemes deployed in the UK top three. Another shot in the arm comes from concerted efforts by the government to speed up the distribution of jabs across the county.” “Bond-buying by the Federal Reserve can bring yields down and make the dollar less attractive and that could happen if economic data deteriorates. The Nonfarm Payrolls report for December is set to show a notable slowdown in hiring – and perhaps a loss of jobs. Any disappointment could prompt action from the Fed, which already expressed its readiness to act.” “Momentum on the 4-hour chart has turned positive for GBP/USD – which has also been able to recapture the 50 Simple Moving Average it had lost on Thursday. Some resistance awaits at 1.3620, the mid-December high, followed by 1.3676, the 2021 high. Support awaits at 1.3630, the daily low, followed by 1.3480 and 1.3445.” 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 EUR/JPY Price Analysis: Next key resistance aligns at 129.25 FX Street 1 year GBP/USD has been trading around 1.36 as tensions grow toward US Nonfarm Payrolls. Things may turn in favor of the currency pair as optimism about vaccine approval and deployment may boost the pound, Yohay Elam, an Analyst at FXStreet, reports. See – Nonfarm Payrolls Preview: Forecast from five major banks for December jobs report Key quotes “Britain is ramping up its efforts to beat the virus. Regulators are set to approve Moderna's vaccine, bringing the total number of immunization schemes deployed in the UK top three. Another shot in the arm comes from concerted efforts by the government to speed up… 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.