FX.co ★ hickle.manuela | Comprehensive Analysis in Trading: Mastering Methodologies

No significant reaction was observed yesterday on the GBP/USD chart following the release of US labor market data. The day ended with a small bearish candle, closing around 1.3200. Now we just have to wait for further developments. The nearest significant support zone is located around 1.3140-1.3170, where we can consider buying the pair. If this zone is broken downwards, the next support zone is around 1.3000-1.3050. Currently, I am staying on the sidelines, simply waiting for further developments. I am not considering selling the pair at the moment, waiting for a northward reversal to begin.