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Apr 01 - 06:55 AM

GBP/USD - U.S. Jobs Data Could Push GBP/USD Towards 2022 Low

By Jeremy Boulton  —  Apr 01 - 05:45 AM
  • U.S. jobs data is released at 12.30GMT f/c 490k. Range of f/cs 200-700K

  • Unemployment rate is seen falling to 3.7%

  • Before Covid-19 pandemic jobless rate fell to a record low at 3.5%

  • Data should support expectations for series 50bps hikes

  • USD may be in demand weighing GBP/USD towards 2022's 1.3000 low nL5N2VY2CX

  • Base 20-week Bollinger bands @ 1.3017 may limit potential under 1.3000

  • Targets for longer-term slide at 1.2831 and 1.2497




GBP/USD weekly Click here

Source:
Refinitiv IFR Research/Market Commentary

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