GBPUSD minor pullback

The British pound had staged a minor technical correction against the US dollar, ahead of the release of the US monthly jobs report. A worse-than-expected jobs number could provoke the next rally in the GBPUSD pair towards the 1.3210 resistance level. A better-than-expected jobs number could provoke a deeper technical correction in the GBPUSD pair towards the 1.3080 level.

• The GBPUSD pair is bullish while trading above the 1.3080 level, further upside towards the 1.3220 and 1.3300 levels appears possible.

• If the GBPUSD pair trades below the 1.3080 level, key support is found at the 1.3050 and 1.3000 levels.