Pound Sterling trades with mild losses near 1.2640

FXStreet Team FXStreet

GBP/USD trades with a mild negative near 1.2640, eyes on US NFP data, geopolitical risks

The GBP/USD pair trades with a mild negative around 1.2640 bias on Friday during the early Asian session. The modest rebound of the US Dollar (USD) to 104.20 amid the cautious mood provides some support to the major pair. Investors will closely watch the highly-anticipated US Non-farm Payrolls on Friday, along with the Unemployment Rate and speeches by Fed’s Musalem, Kugler, Barkin, and Bowman.

The US Initial Jobless Claims went up to a two-month high last week. The Labor Department on Thursday revealed that The number of Americans filing new claims for unemployment benefits for the week ended March 30 rose by 9,000 to 221,000 from the previous week of 212,000, below the market consensus of 214,000. Additionally, the Continuing Claims declined by 19K to 1.791M in the week ended March 23. The Greenback dropped below the 104.00 support level following the downbeat US economic data. However, the safe-haven USD pares losses as the fear of Iran's attack on Israel is driving the market. Read more...

GBP/USD is at fresh two-week lows testing the 1.2675 resistance area

The Sterling is building up bullish momentum on Thursday, buoyed by a favourable market sentiment, which is weighing on the safe-haven US Dollar.

Data from the US Labor Department revealed that Jobless Claims increased by 222K in the last week of March 29, from the upwardly revised 212K in the previous week. The market had anticipated a softer 214K increase. Read more...

GBP/USD

Overview
Today last price	1.2625
Today Daily Change	-0.0018
Today Daily Change %	-0.14
Today daily open	1.2643

Trends
Daily SMA20	1.2691
Daily SMA50	1.2668
Daily SMA100	1.2665
Daily SMA200	1.2588

Levels
Previous Daily High	1.2684
Previous Daily Low	1.2635
Previous Weekly High	1.2668
Previous Weekly Low	1.2586
Previous Monthly High	1.2894
Previous Monthly Low	1.2575
Daily Fibonacci 38.2%	1.2654
Daily Fibonacci 61.8%	1.2665
Daily Pivot Point S1	1.2624
Daily Pivot Point S2	1.2606
Daily Pivot Point S3	1.2576
Daily Pivot Point R1	1.2672
Daily Pivot Point R2	1.2702
Daily Pivot Point R3	1.272

Author

FXStreet Team

FXStreet

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