GBP/USD Technical Analysis: Worst daily close since mid-July ahead of US NFP on Friday

  • GBP/USD had the worst daily close since mid-July as the pair is trading just above 1.3010 July 18 low. 
  • GBP/USD gained some bearish momentum this Thursday and the breakout below 1.3010 becomes almost bound to happen with bears looking at 1.2957, the current 2018 low.
  • Investors will pay attention to the US Nonfarm Payrolls and the Average Hourly Earnings on Friday at 12:30 GMT which can potentially lead to further volatility in the currency pair. 

GBP/USD 15-minute chart

Spot rate:               1.3017
Relative change:    -0.85%     
High:                      1.3129
Low:                       1.3015

Trend:                    Bearish

Resistance 1:             1.3049 June 28 low
Resistance 2:        1.3100-1.3076 area, figure and July 24 low
Resistance 3:        1.3155 former breakout point
Resistance 4:        1.3200 figure
Resistance 5:        1.3230 supply level
Resistance 6:        1.3250 June 4 high 

Support 1:             1.3010 July 18 low
Support 2:             1.2957 current 2018 low
Support 3:             1.2900 figure

USD/CHF Technical Analysis: USD/CHF eyeing the parity level ahead of US NFP

USD/CHF 15-minute chart Spot rate:                  0.9954 Relative change:       0.34%      High:                         0.9957 Low:          
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