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6 Feb 2015
GBP/USD falls after US nonfarm payrolls
FXStreet (Córdoba) - GBP/USD fell sharply to fresh daily lows as the dollar strengthened across the board on the back of better-than-expected nonfarm payrolls data.
US nonfarm payrolls report showed the US economy added 257,000 jobs in January, following 252,000 in December and beating expectations of 234,000. Meanwhile, the unemployment rate inched higher to 5.7% from 5.6% the previous month.
GBP/USD reacted negatively and hit a low of 1.5258 from 1.5330 before the release. At time of writing, Cable is trading at 1.5265, 0.39% below its opening price.
GBP/USD levels to watch
As for technical levels, immediate supports are seen at 1.5250 (Feb 4 high) and 1.5200 (psychological level). On the flip side, resistances line up at 1.5383 (50-day SMA), 1.5400 (psychological level) and 1.5485 (Dec 23 low).
US nonfarm payrolls report showed the US economy added 257,000 jobs in January, following 252,000 in December and beating expectations of 234,000. Meanwhile, the unemployment rate inched higher to 5.7% from 5.6% the previous month.
GBP/USD reacted negatively and hit a low of 1.5258 from 1.5330 before the release. At time of writing, Cable is trading at 1.5265, 0.39% below its opening price.
GBP/USD levels to watch
As for technical levels, immediate supports are seen at 1.5250 (Feb 4 high) and 1.5200 (psychological level). On the flip side, resistances line up at 1.5383 (50-day SMA), 1.5400 (psychological level) and 1.5485 (Dec 23 low).