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Jun 07 - 04:55 AM

GBP/USD - Holds Below 1.28 Before US Jobs Report

By Rob Howard  —  Jun 07 - 02:55 AM
  • Cable remains sub-1.28 before US jobs report at 1230 GMT; May NFP f/c 185k

  • 1.2795 was Thursday's NY session high. 1.2799 was Thursday's Ldn am high

  • There is a large 1.2800 option expiry for the 10am ET NY cut (1400 GMT)

  • 1.2809 and 1.2818 (Tuesday's 12-week peak) are obstacles beyond 1.2800

  • Support points include 1.2763 (Thursday's low) and 1.2743 (Tuesday's low)

  • UK May house prices down 0.1% MM vs forecast increase of 0.2% - Halifax data

Source:
Refinitiv IFR Research/Market Commentary

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