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STby u/set_trader_thThailand·2moQuestion

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

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?

59 votes

3 comments · 5 points

3 Comments

STu/smoke_tester·2mo

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

18
PHu/pip_hunter_olaNigeria·2mo

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

4
VVu/value_vik·2mo

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

1

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