GBPUSD Market Analysis and US NFP report on Feb 5, 2021

GBPUSD Market Analysis and US NFP report on Feb 5, 2021

GBPUSD made a reversal around 1.3560-1.3565 after Bank Of England Policy Meeting yesterday. However, GBPUSD has not broke the 1.3700-1.3710 yet and it is expected to consolidate from 1.3560 to 1.3700 to wait for US NFP report at 13:30 GMT on Feb 5, 2021

The US NFP report at 13:30 GMT will make big GBPUSD price movement

GBPUSD and US NFP report

GBPUSD made a reversal before US NFP report

GBP  short term trend is up and it will trade from 1.3560 to 1.3700 to wait for US NFP report.

GBP will go to 1.3750 or 1.33850 if the US NFP report fails to meet the expected number 50K.

GBPUSD Resistant Zones: 1.3705-1.3710, 1.3755-1.3760

GBPUSD Support Zones: 1.3600-1.3605, 1.3560-1.3580, 1.3525-1.3530

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