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

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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?

3 comments · 151 points

3 Comments

u/value_vik·20d

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

u/pip_hunter_ola·20d

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

u/smoke_tester·20d

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

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

3 Comments

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