3 Apr 2015
GBP/USD jumps above 1.4900 after weak NFP
FXStreet (Tokyo) - The Sterling is trading higher against the US Dollar following the weaker than expected nonfarm payrolls number in March. The GBP/USD is testing 1.4920 level after jumping 100 pips in the last hour.
Big miss in NFP: 126K new payrolls in March; smaller monthly job creation since Dec 2013. Unemployment rate remained unchanged at 5.5%. However, average earnings rose 0.3% in March; above expectations. Largest increase since January and second largest in a year.
Currently, GBP/USD is trading at 1.4902, up 0.50% on the day, having posted a daily high at 1.4926 and low at 1.4810. GBP/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
GBP/USD levels
If the pair consolidates gains above 1.4900, it will find resistances at 1.4920, 1.4950 and 1.5000. To the downside, supports are at 1.4850, 1.4810 and 1.4775.
Big miss in NFP: 126K new payrolls in March; smaller monthly job creation since Dec 2013. Unemployment rate remained unchanged at 5.5%. However, average earnings rose 0.3% in March; above expectations. Largest increase since January and second largest in a year.
Currently, GBP/USD is trading at 1.4902, up 0.50% on the day, having posted a daily high at 1.4926 and low at 1.4810. GBP/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
GBP/USD levels
If the pair consolidates gains above 1.4900, it will find resistances at 1.4920, 1.4950 and 1.5000. To the downside, supports are at 1.4850, 1.4810 and 1.4775.