Intraday levels show possible support around 1.3475 which could support the market in the short-term. As we see from the chart, prices face supports at 1.3475 and 1.3400 where each support could lead to an advance toward 1.3675.
British Pound trims losses against US Dollar after NFP-driven volatility
GBPUSD finds a bounce Cable moved higher after finding support just below 1.3500. A break below that level previously put the bulls on the defensive.
GBP/USD Price Forecast: Bulls turn cautious as 1.3550 cap gains ahead of US NFP
Pound-Dollar could extend its recovery if US payrolls disappoint, although cautious comments from Bailey may limit Sterling's upside. The Pound US Dollar (GBP/USD) exchange rate edged up on Thursday, after touching a 20-day low on Wednesday, although the recovery was limited.
Pound Sterling Price News and Forecast: GBP/USD rises as Fed's Waller tempers Fed hike bets before NFP
British Pound: Range-bound against US Dollar with muted BoE pricing – Scotiabank
GBP/USD attempted to rebound from a two-week low of approximately 1.3485 on Thursday. Investors are moving away from riskier assets amid concerns about the economic impact of an energy shock triggered by a fresh escalation in the Middle East.
GBP/USD at two-week low: Risk aversion takes hold
British Pound: Downside seen limited near 1.3465 against US Dollar – UOB
GBP/USD Price Forecast: Holds a mildly bullish bias near 1.3500 despite subdued RSI momentum
British Pound: Break below 1.35 shifts focus lower against US Dollar – Scotiabank