TipTVFinance

GBP/USD - Sellers could make a comebacl

FX:GBPUSD   British Pound / U.S. Dollar
US Non-farm payrolls report - Overall a steady report if we ignore a miss in NFP number. NFP was never going to be trend decider. Hence,. the knee jerk drop in USD could be short lived. Furthermore., annualised wage growth spiked more than expected. Hence, we wont be surprised if Cable sellers make a comeback.

Cable's failure to sustain above hourly 50-AM following US data indicates the currency pair could be heading to 1.4440-1.4413 levels.

On the higher side, 1.4549 remains a strong resistance.
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