GBPUSD make or break
The British pound has an important trading day ahead against the US dollar, with the pair trading at a critical juncture over the medium-term. A better than expected jobs number today is likely to prompt a test of the current 2019 trading low, at 1.2505. Technically, the multi-year trading year at 1.2424 remains the most important level to watch if the 1.2505 level is breached.
The GBPUSD pair is bearish while trading below the 1.2610 level, key support is found at the 1.2505 and 1.2424 levels.
GBPUSD pair is only bullish while trading above the 1.2610 level, key resistance is found at the 1.2660 and 1.2710 levels.