GBP/USD did trade strong upward after the Non-Farm employment change numbers. We see potential new push up till end of the day. Watch for buying opportunities.
Gray rectangle – support 1.2726
Red middle line – Middle of the Bolinger band
Yellow lines – Fibonacci expansion (resistance levels)
We found strong push and new momentum on the upside on the MACD indicator, which is sign of the strong demand. The middle of the Bolinger Bands seems like a good support to establish new long posiitons (1.2730). Projected targets are set at the price of 1.2758, 1.2780 and 1.2813. Watch for buying opportunities.
