The GBP/USD pair fell again on Friday as the Non-Farm Payroll numbers for the month of May come out at just 69 thousand jobs added in America. This had a bit of speculation enter the market that the Federal Reserve will ease even further, and the Dollar lost a bit of ground as a result. The 1.53 level was an area that we suggested could be support, and it seems that it is certainly going to try and be. However, this pair will more than likely be punished again for European problems, so we are selling rallies that look almost inevitable from here. 1.55 is especially interesting to us for a sell position.
Written by FX Empire