GBPUSD 1.2600 holds
The British pound is starting to correct lower against the US dollar after the pair found strong resistance from the 1.2600 level. Short-term GBPUSD bulls maybe booking some profits ahead of Friday’s important Non-farm payrolls jobs number from the United States economy. Overall, the 1.2640 level still remains the near-term bullish target for the GBPUSD pair this week.
The GBPUSD pair is only bullish while trading above the 1.2420 level, key resistance is found at the 1.2600 and 1.2640 levels.
The GBPUSD pair is only bearish while trading below the 1.2420 level, key support is found at the 1.2350 and 1.2300 levels.