Post-NFP reaction on $GBPUSD - will the rally hold?

asked by u/set_trader_th · 21d · 3 answers

NFP came in much higher than expected, giving the dollar a boost, but $GBPUSD has shown surprising resilience above 1.2700. Is this a temporary dip or a sign of underlying weakness?

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Top answers

  • u/value_vik· 40 pts· 21d

    Cable looks strong here, maybe targeting 1.2850 next if it consolidates.

  • u/pip_hunter_ola· 28 pts· 20d

    I think it's a dip. BoE is still hawkish and inflation is sticky in the UK.

  • u/smoke_tester· 24 pts· 20d

    Could be short covering. I'm waiting for a clear break of 1.2680 before considering shorts.

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