Forex - GBP/USD up toward the end of European session

Forexpros – The British Pound was higher against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.

GBP/USD was trading at 1.6383, up 0.78% at time of writing.

The pair was likely to find support at 1.6225, Tuesday’s low, and resistance at 1.6476, Monday’s high.

Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 117K last month, from 46K in the preceding month whose figure was revised up from 18K.

Analysts had expected U.S. non-farm payrolls to rise 95K last month.

Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.13% to hit 0.8659 and GBP/JPY rising 0.31% to hit 128.63.

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