BTCUSDT The US announced that the seasonally adjusted non-farm payrolls in March were 228k, an increase higher than the market expectation of 135k. The US unemployment rate rose to 4.2% in March, with an expected 4.1% and a previous value of 4.10%.
The NFP report came in HOT, much higher than expected:
Actual: 228K
Forecast: 135K | Previous (Revised Upwards): 117K
However, the unemployment rate also ticked higher to 4.2% vs. the forecast of 4.1%.
Key Levels to Watch,
For GU: 1.2950 support, 1.3050 resistance For GJ: 190.00 psychological level
> Impact on GBP/USD (GU)
๐น Initial Reaction: Strong NFP = USD Bullish > GBP/USD drops ๐น BUT Unemployment Rate Higher, this could limit USD strength if markets think the Fed will still cut rates later. ๐น GU Bias: Short-term bearish, but watch Fed commentary & risk sentiment.
> Impact on GBP/JPY (GJ)
๐น Stronger USD lifts USD/JPY > Pulls GBP/JPY up ๐น Risk sentiment , If markets focus on strong NFP, GJ can rally. If they focus on higher unemployment (slower economy), JPY could strengthen & push GJ lower.