- GBP/USD is under heavy bearish pressure challenging the December lows.
- The level to beat for bears is the 1.2900 support.
GBP/USD daily chart
After the October and December bullish impulses, GBP/USD is trading in a rectangle consolidation above the 100/200-day simple moving averages (SMAs). The NFP came in better than expected at 225K vs 160K forecast by analysts; giving an extra boost to USD.
GBP/USD four-hour chart
Resistance: 1.2938, 1.2972, 1.3000
Support: 1.2900, 1.2829, 1.2750
Additional key levels