5 Dec 2014
GBP/USD falls to daily lows at 1.5615 amid good NFP
FXStreet (San Francisco) - The British Pound is falling against the US dollar as the Greenback is rising across the market after an exceptional number of nonfarm payrolls. The GBP/USD lost 75 pips from 1.5690 to trade at lows at 1.5615.
The US Bureau of Labor Statistics reported the largest increase in Nonfarm payrolls since January 2012 with a 321K new jobs in November, well above expectations of 230K. Unemployment rate remained unchanged at 5.8% while participation rate holds at 62.8% of labor force.
Currently, GBP/USD is trading at 1.5646, down -0.18% on the day, having posted a daily high at 1.5697 and low at 1.5619. The FXStreet OB/OS Index is reflecting overbought hourly conditions, while the FXStreet Trend Index is slightly bullish.
GBP/USD levels
Below the 1.5615, next supports are at 1.560 and 1.5580. To the upside, resistances are at 1.5690, 1.5700 and 1.5725.
The US Bureau of Labor Statistics reported the largest increase in Nonfarm payrolls since January 2012 with a 321K new jobs in November, well above expectations of 230K. Unemployment rate remained unchanged at 5.8% while participation rate holds at 62.8% of labor force.
Currently, GBP/USD is trading at 1.5646, down -0.18% on the day, having posted a daily high at 1.5697 and low at 1.5619. The FXStreet OB/OS Index is reflecting overbought hourly conditions, while the FXStreet Trend Index is slightly bullish.
GBP/USD levels
Below the 1.5615, next supports are at 1.560 and 1.5580. To the upside, resistances are at 1.5690, 1.5700 and 1.5725.