GBPUSD BEARISH BELOW 1.3600 LEVEL

The British pound continues to trade to the downside against the U.S dollar, after the pair was sold-off from the 1.3589 level during the European trading session. The GBPUSD pair currently trades around the 1.3550 region, with sterling’s 200-day moving average coming back into focus, at 1.3532. Traders now look towards the release of the U.S Nonfarm Payrolls jobs report, with medium-term selling pressures continuing to build.

• The GBPUSD pair remains bearish while trading below the 1.3600 level, further losses towards 1.3532 and 1.3493 levels remain possible.

• If the GBPUSD pair can break back above the 1.3600 level today, we may see buyers test towards the 1.3665 and 1.3710 levels.