November 6, 2009 1:00 AM
GBP/USD Non Farm Payroll Analysis
0Hello.
Pulling up the GBP/USD, from a technical standpoint, it seems we may see a potential continuation of the current uptrend.
Depending on the final numbers and traders' reaction to those numbers, if the pair goes up, look for the first price point of 1.6724 and a 2nd potential price point of 1.6743.
If the pair heads down, then look for a potential price point of 1.6451 and below.
Analysts numbers for the non farm payroll ranges from -155,000 to -175,000 with the rate expected to come out at 9.9% - 10%.
Good luck and be sure to monitor your trades during this announcement, protect profits and apply your own analysis and money management.
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