The British pound is giving in to the US dollar, alongside almost all currencies. GBP/USD is trading at levels last seen in the week of June 28th 2010. The fresh low was at 1.4884. Cable has recovered a bit, but isn’t close to 1.50 anymore. The United States reported an excellent jobs report: +236K, significantly more than the already higher expectations. Also the unemployment rate dropped to 7.7%, the lowest since December 2008, albeit partially aided by a lower participation rate. The next big level for cable is 1.48, which worked in both direction in mid-2010. This is followed by 1.4611. On the topside, 1.50 is the clear line of resistance, despite the recent battles. 1.5120 is next. For more on the British pound, see the weekly GBP to USD forecast. The pound was vulnerable despite a positive services PMI figure early in the week. Also EUR/USD was smashed on the Non-Farm Payrolls: it fell below 1.30 and challenged the triple bottom. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Goodbye Mr Shirakawa and a Strong JPY Justin Pugsley 10 years The British pound is giving in to the US dollar, alongside almost all currencies. GBP/USD is trading at levels last seen in the week of June 28th 2010. The fresh low was at 1.4884. Cable has recovered a bit, but isn't close to 1.50 anymore. The United States reported an excellent jobs report: +236K, significantly more than the already higher expectations. Also the unemployment rate dropped to 7.7%, the lowest since December 2008, albeit partially aided by a lower participation rate. The next big level for cable is 1.48, which worked in both direction in mid-2010. This is followed by… 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.
