The GBP/USD pairfell hard during the session on Thursday, in what would’ve been somewhat illiquid markets. Going forward, we still think that the 1.50 level should offer support, so a bounce from down there will more than likely be positive. However, we still feel that this market is bearish overall, and will look at any bounce as a potential selling opportunity. Today will be especially influential because of the nonfarm payroll numbers coming out. Because of this, any bounce in this pair will more than likely be potentially lucrative for the sellers on signs of resistance.
Written by FX Empire