GBPUSD (1.4336): The British pound posted strong gains with price action rallying to fresh highs of 1.435 earlier today. The gains come ahead of today’s jobs report where expectations are high that wage growth increased strongly in the three months ending March. We expect to see some near term correction in prices as GBPUSD is likely to retest the support level at 1.4232. A rebound off this level could keep the bullish momentum supported for further gains.
