Pound Sterling Price News and Forecast: GBPUSD is awaiting the release of the US Employment data

FXStreet Team FXStreet

GBP/USD remains inside the woods around 1.2050 as investors US NFP

The GBP/USD pair has continued its sideways performance around 1.2050 as investors are awaiting the release of the United States Employment data for fresh cues. The Cable asset displayed a wild gyration after the United States Institute of Supply Management (ISM) reported a shrink in the volume of manufacturing activities consecutively for the second time and then continued to auction sideways.

GBP/USD

Overview
Today last price	1.2059
Today Daily Change	0.0086
Today Daily Change %	0.72
Today daily open	1.1973

Trends
Daily SMA20	1.2143
Daily SMA50	1.1932
Daily SMA100	1.1666
Daily SMA200	1.2035

Levels
Previous Daily High	1.2085
Previous Daily Low	1.1901
Previous Weekly High	1.2126
Previous Weekly Low	1.2002
Previous Monthly High	1.2447
Previous Monthly Low	1.1992
Daily Fibonacci 38.2%	1.1971
Daily Fibonacci 61.8%	1.2015
Daily Pivot Point S1	1.1887
Daily Pivot Point S2	1.1802
Daily Pivot Point S3	1.1703
Daily Pivot Point R1	1.2072
Daily Pivot Point R2	1.2171
Daily Pivot Point R3	1.2257

GBP/USD Forecast: Pound Sterling faces strong resistance at 1.2100

Following Tuesday's sharp decline, GBP/USD has regained its traction and climbed above 1.2050 early Wednesday, erasing all of the previous day's losses in the process. In case risk flows continue to dominate the financial markets, the pair could test the key resistance area that seems to have formed at 1.2100.

AUD/USD bounces back toward 0.6950 on fresh USD supply

AUD/USD bounces back toward 0.6950 in the Asian session on Friday. The US Dollar retreats from 17-month highs as traders take profits off the table ahead of the all-important US Nonfarm Payrolls report. Meanwhile, the Australian Dollar draws support from reviving expectations of a November interest rate hike amid elevated global yields and inflation risks.

USD/JPY struggles near 158.00 as USD retreats ahead of NFP

USD/JPY is struggling for fresh impetus near 158.00, moving away from the top end of its weekly range in the Asian session on Friday, after hotter-than-expected Tokyo CPI and amid a broad US Dollar retreat. Traders reposition themselves ahead of US Nonfarm Payrolls.

Gold fades the earlier optimism; back below $4,200

Gold could not sustain the post-NFP bull run past the $4,200 mark per troy ounce, receding toward the $4,180 region at the end of the week. The precious metal’s inconclusive price action comes amid fresh selling pressure hurting the US Dollar as investors assess the latest NFP data.

Crypto Today: Bitcoin, Ethereum and XRP gains reinforce bullish outlook

Cryptocurrency prices are broadly recovering on Friday, led by Bitcoin moving above $86,000. Ethereum has reaffirmed its bullish outlook, rising above $2,700 while the immediate area at $2,800 caps upside. Meanwhile, Ripple hovers near $1.54.

Week ahead – Fed minutes in the spotlight amid bond market rout

Energy crisis and soaring bond yields to stay in driver’s seat in quiet week. Fed minutes eyed after drop in October rate hike bets. ISM services PMI and Treasury auctions to be watched too. Canadian employment, Japanese wages and ECB minutes also on tap.

The Euro is near a one-year low: Inflation could trigger its rebound, not its fall

EUR/USD has fallen to its lowest level since May 2025. The pair hit 1.1312 on Wednesday and trades well below the January peak of 1.2082. The decline reflects a powerful combination of US Dollar strength, geopolitical uncertainty and renewed concerns about Europe's exposure to higher energy prices.