GBP/USD picks up following a post-NFP slump, returns above 1.2600
The Sterling is regaining lost ground on Friday’s US session following a significant reversal, with a strong US employment report sending the Dollar soaring. The pair, however, remains practically flat in the weekly chat after having whipsawed over the last few days. Read More…
Pound Sterling slumps after upbeat US Nonfarm Payrolls data
GBP/USD Price Analysis: Bounces off bottom of range but soon stalls
GBP/USD has just bounced off the bottom of a medium-term consolidation range after forming a bullish Tweezer Bottom Japanese candlestick pattern.
The pair rose up strongly on Wednesday and Thursday but then hit stubborn resistance at the intersection of two major moving averages – the red 50-day and blue 100-day Simple Moving Averages (SMA) – and stalled. Read More…
Source: https://www.fxstreet.com/news/pound-sterling-picks-up-following-a-post-nfp-slump-returns-above-12600-202404051714