The British pound had staged a minor technical correction against the US dollar, ahead of the release of the US monthly jobs report. A worse-than-expected jobs number could provoke the next rally in the GBPUSD pair towards the 1.3210 resistance level. A better-than-expected jobs number could provoke a deeper technical correction in the GBPUSD pair towards the 1.3080 level.
The GBPUSD pair is bullish while trading above the 1.3080 level, further upside towards the 1.3220 and 1.3300 levels appears possible.
If the GBPUSD pair trades below the 1.3080 level, key support is found at the 1.3050 and 1.3000 levels.
