The GBP/USD pair fell slightly for the Thursday session as the market consolidated ahead of the Non-Farm Payroll numbers. The market is very bullish at the moment, and because of this we think the pair could be a mover on the session. If we get a weak number, this would only embolden the bulls in this market as the odds of the Federal Reserve easing in the future would be greater. The 1.62 area looks as if it is trying to act as support and the close will be very important. The 1.6050 level should also be supportive as well, and as long as we are above it we will only buy this pair, not sell it.
Written by FX Empire