Currently, GBP/USD is trading higher at 1.2271, however the price is somewhat sideways compared to the beginning of this morning's trading session. The GBP/USD pair faces minor pressure ahead of employment data from the UK due out later in the day. If the news brings good support, the price can find 1.2300 again, on the other hand, the price will fall sharply. It is expected that if the price declines, it will find the lower level of 1.2238 at 1.2216.
80% that the Fed will keep policy rates unchanged in December. In case safe-haven flows dominate financial markets, GBP/USD may find it difficult to maintain its position, the decline may turn returned to level 1,216 following the trendline after breaking support level 1,222
GOOD entry BUY 1.22500
80% that the Fed will keep policy rates unchanged in December. In case safe-haven flows dominate financial markets, GBP/USD may find it difficult to maintain its position, the decline may turn returned to level 1,216 following the trendline after breaking support level 1,222
GOOD entry BUY 1.22500