OctaFX | OctaFX Forex Broker
Open trading account

GBP/USD testing 1.6330, consolidates weekly losses

FXStreet (Córdoba) - Cable gained momentum against Greenback after the release of disappointing US jobs data and rose toward 1.6330. After Wall Street opening bell GBP/USD climbed to 1.6338, hitting a fresh daily high but then bounced back below the 1.6330 area. The mentioned zone continues to be an important intraday resistance area.

The pair remains steady as the currency market calms following employment data. Yen is so far the best performer, supported by falling US government bond yields. GBP/JPY was trading at 2-week lows, barely above 171.00.

GBP/USD worst weekly performance for the year

Despite holding flat on Friday GBP/USD was trading 280 pips below the price it had a week ago, having the worst week since the beginning of the current year. It is also about to post the eight weekly decline out of the last nine weeks.

USD/JPY extends pullback from 6-year highs

Following the knee-jerk reaction to poor US nonfarm payrolls, USD/JPY pushed even lower and dipped below the 104.70 support area to hit fresh daily lows most recently.
Read more Previous

USD/CAD consolidating under 1.0900

After the release of employment data from the United States and Canada, USD/CAD fell to 1.0838 and then rose to 1.0902, in a few minutes.
Read more Next
Start livechat