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Forex: GBP/USD plummets to 1.5500 level after US payrolls

FXstreet.com (Barcelona) - The GBP/USD faced a generally upward path leading into US trading Friday, having risen higher intraday. On the heels of economic data in the United States, the pair is now trading at 1.5501/02 in these moments, incurring a loss of -0.23% off is opening.

In the United States, Nonfarm Payrolls (April) came in at 165K, vs. a projection of 145K, and compared to 88K previously. In addition, the Unemployment Rate (April) came in at 7.5%, against expectations of 7.6%.

Briefing the technical levels, the Mataf.net analyst team identifies the next short-term resistances for the GBP/USD at 1.5588, then 1.5637, and finally 1.5682. Alternatively, a paring of losses will result in a testing of supports at 1.5494, onto 1.5449, and finally 1.5400.

US: Nonfarm Payrolls rise by 165K in April

The number of people on the payrolls of all non-agricultural businesses in the US increased by 165K in April, from 88K registered in March, the US Department of Labor reported today. Market consensus pointed to a 145K increase.
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Forex: USD/JPY soars above 99.00 after strong NFP

The greenback strengthened across the board and jumped to a 1-week high versus the yen after the non-farm payrolls report showed the US economy added 165,000 jobs in April, beating expectations of 145,000.
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