GBP/USD Pulls Back Towards Weekly Lows After US Non-Farm Payrolls

From fxdailyreport.com

The GBP/USD currency pair on Friday pulled back to trade at around 1.3535 following the latest round of US non-farm payrolls data. The currency pair continues to trade within an ascending wedge formation in the 60-min chart. The pair is now pinned between the 100-hour and the 200-hour SMA lines. The latest pullback prevented the currency pair from crossing to overbought levels of the 14-hour RSI. The GBP/USD currency pair is trading at the back of a relatively busy period in the US market. On Friday, the US non-farm payrolls data for December missed the expectation of 71k jobs with -140k jobs. The (YoY) change in ... (full story)