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.