GBPUSD ahead of the US Employment Data, NFP

GBPUSD ahead of the US Employment Data, NFP!
GBPUSD and DXY Technical Analysis!

In this video, I explained in detail the possible scenarios GBPUSD may face
during the NFP data today.

📺You may watch the analysis for further details📺
Thank you and Good Luck!

Comment:

🚨NFP
🇺🇸USD JOLTS Job Openings(Feb) 👉Actual 8.756M vs 8.748M Previous month
🇺🇸USD ADP Employment Change(Mar) 👉184K vs 155K Previous month

🟢🇺🇸USD Nonfarm Payrolls(Mar) 👉 200K EXPECTED vs 275K Previous month

It is expected that NFP data may come in lower then the previous month.
Taking into consideration that NFP data came above expectations for 4 months in a row it is possible we can see the same growing trend again. NFP may surprise the market for the 5th time.

The JOLTS and ADP data this month came above expectations as well. Usually they have a positive correlation with NFP and are supporting a possible increase on jobs data (NFP). However we should not take this correlation as granted 100% but it is showing something.
So let's see what happens next 🧐

Comment:

Breaking: US March non-farm payrolls +303K vs +200K expected

All in line with the analysis above