GBPUSD: Increase slightly waiting for new news from NFP
Updated
Hello dear friends! Today is the last trading day of this week, so let's explore together what's new with GBP/USD!
GBP/USD closed around 1.2200 on Thursday, the highest level in a week, after the Bank of England kept interest rates unchanged and supported by a weaker US dollar. The DXY lost points amid risk appetite. The US employment report will be released on Friday.
On the 4-hour chart, the uptrend of GBP/USD is still intact and there are no signs of a trend break. If conditions remain favorable, the price could continue to rise towards the resistance level at 1.226 with strong support at 1.217.
GBP/USD closed around 1.2200 on Thursday, the highest level in a week, after the Bank of England kept interest rates unchanged and supported by a weaker US dollar. The DXY lost points amid risk appetite. The US employment report will be released on Friday.
On the 4-hour chart, the uptrend of GBP/USD is still intact and there are no signs of a trend break. If conditions remain favorable, the price could continue to rise towards the resistance level at 1.226 with strong support at 1.217.
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