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Forex: GBP/USD plummets to 1.5500 level after US payrolls
FXstreet.com (Barcelona) - The GBP/USD faced a generally upward path leading into US trading Friday, having risen higher intraday. On the heels of economic data in the United States, the pair is now trading at 1.5501/02 in these moments, incurring a loss of -0.23% off is opening.
In the United States, Nonfarm Payrolls (April) came in at 165K, vs. a projection of 145K, and compared to 88K previously. In addition, the Unemployment Rate (April) came in at 7.5%, against expectations of 7.6%.
Briefing the technical levels, the Mataf.net analyst team identifies the next short-term resistances for the GBP/USD at 1.5588, then 1.5637, and finally 1.5682. Alternatively, a paring of losses will result in a testing of supports at 1.5494, onto 1.5449, and finally 1.5400.
