TipTVFinance

GBP/USD – Could test 1.26 on weak US wage growth data

OANDA:GBPUSD   British Pound / U.S. Dollar
Resistance

1.25
1.26
1.2745

Support

1.2380
1.2342 (5-DMA)
1.2276 (10-DMA)

Comments: Despite the bullish break on Thursday, the subsequent failure to take out 1.25 in the NY session and in Asia suggests the pair could revisit 1.2380 levels on the back of overbought 4-hr RSI . Overall, the spot appears on track to test 1.26 handle; especially if the US wage growth data disappoints expectations.
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