FX.co ★ Daily analysis of GBP/USD for October 06, 2017

GBP/USD has been extending losses across the board and it has reached a target around 1.3121. That level should act as support for the pair, as the focus is on profit taking that could happen in coming hours, ahead of the US NFP. To the upside, if the pair manages to break above 1.3209, it can reach the 1.3309 level.

H1 chart's resistance levels: 1.3309 / 1.3446

H1 chart's support levels: 1.3209 / 1.3121

Trading recommendations for today: Based on the H1 chart, sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is at 1.3209, take profit is at 1.3121 and stop loss is at 1.3294.