Pound is building to spike higher ahead of US employment data

The GBPUSD has been moving up off the 1.2800 zone as planned so we are now looking for an extra squeeze on the sellers to push to the 1.3005 level ahead of the US employment data out prior to the US session open. We expect the action to heat up in the USD especially if employment data comes out weaker than expected. If price breaks down through 1.2925, our long bias is off the table for now.


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