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GBPUSD Technical Analysis - NFP in focus

On the daily chart below, we can see that GBPUSD has made a big pullback in the past few days. The biggest rally was made in the last two days as some Fed officials have hinted to a pause in June to gather more data before deciding on a further increase. The USD came under pressure across the board as a consequence and yesterday’s soft ISM Manufacturing PMI and Unit Labour Costs didn’t help. The price is now getting rejected at the 61.8% Fibonacci retracement level, and if the price starts to fa... Read More

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Gbpusd

Technical

Analysis

Focus

Forex

Posted: Jun 2 2023, 07:07

Author Name: forexlive

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