The British pound continues to trade to the downside against the U.S dollar, after the pair was sold-off from the 1.3589 level during the European trading session. The GBPUSD pair currently trades around the 1.3550 region, with sterling’s 200-day moving average coming back into focus, at 1.3532. Traders now look towards the release of the U.S Nonfarm Payrolls jobs report, with medium-term selling pressures continuing to build.
The GBPUSD pair remains bearish while trading below the 1.3600 level, further losses towards 1.3532 and 1.3493 levels remain possible.
If the GBPUSD pair can break back above the 1.3600 level today, we may see buyers test towards the 1.3665 and 1.3710 levels.
