GBPUSD has fallen after stronger than expected US Non-Farm Payrolls 8 July
I highlighted the 1.3000 sell interest/resistance earlier and we had two attempts on the level only to fail at 1.2998.
Cometh the strong beat on NFPs and cometh the retreat to test support/demand at 1.2900.
Similarly I highlighted decent support between 0.8500-20 on EURGBP and that's held again with lows of 0.8516.
If we don't see a rally back above 1.2950-60 though I would suggest we're going to have a look at 1.2880-1.2900 again while 1.3000 remains the line in the sand. Currently 1.2924 . Keep an eye on EURGBP as always.
