Mihai_Iacob

GbpUsd- 1.24 is very important at this moment

FX:GBPUSD   British Pound / U.S. Dollar
In my previous GbpUsd analysis, I've written that a break above 1.24 could lead to further gains to 1.2550 and even to 1.3 if 1.2550 will also fall.
However, Friday's NFP capped gains exactly to 1.2550, and a strong reversal followed almost negating the previous day's candle.
1.24 remains support for GbpUsd, but the pressure switched to the sell side.
A break under this level could lead to further losses and puts the important 1.2 psychological level in focus.

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