Forex - GBP/USD up at the end of U.S. session


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Forex Pros – 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 1.6426, up 0.33% at time of writing.

The pair was likely to find support at 1.6287, today’s low, and resistance at 1.6547, Tuesday’s high.

Earlier in the day, official data showed that U.S. non-farm payrolls rose less-than-expected to a seasonally adjusted 54K last month, from 232K in the preceding month whose figure was revised down from 244K.

Analysts had expected U.S. non-farm payrolls to rise 169K last month.

Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.65% to hit 0.8910 and GBP/JPY falling 0.44% to hit 131.85.



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Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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