The Pound dropped versus the Dollar reaching an eight month low after Non Farm Employment Change came out worse and raised Risk Aversion again. PPI Input came out better with 2% versus 0.7% expected. Overall, GBP/USD traded with a low of 1.5558 and a high of 1.5775. GBP/USD is getting oversold according to the RSI indicator but the trend is still downwards. RICS House Price Balance will be released at night and is expected with 29% versus 30% prior.

GBP/USD - Last: 1.5610

Resistance

1.5700

1.5745

1.5775

Support

1.5560

1.5450

1.5390

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