GBPUSD BOUNCES FROM 200-DAY MOVING AVERAGE
The British pound has recovered upside momentum against the U.S dollar, after sterling dip-buyers stepped in just before the pairs key 200-day moving average. The GBPUSD pair currently trades around the 1.3575 level, after finding strong demand from 1.3537 level, which was only slightly above its 200-day moving average, at 1.3532. Traders now look towards the U.S Non-farm Payrolls job report, with the monthly headline number and monthly wage earnings data strongly in focus.
The GBPUSD pair is intraday bearish while trading below the 1.3600 level, further losses towards 1.3532 and 1.3493 levels remain possible.
If the GBPUSD pair moves back above the 1.3600 level, buyers may test towards the 1.3665 and 1.3710 levels.