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FxWirePro: GBP/USD drifts lower , could be on verge of bigger drop 
FxWirePro- Woodies Pivot(Major) 
• GBP/AUD pair traded within a narrow range on Thursday, as market participants remained cautious ahead of Friday’s closely watched U.S. non-farm payrolls (NFP) report.
•In the meantime, investors are also digesting signs of easing trade tensions between the United States and China, which have helped stabilize risk sentiment.
•Market volume was thinner than usual as many international markets were closed on Thursday for the May Day holiday.
•On the data front, British manufacturing activity shrank for the seventh month in a row in April, highlighting the effects that Trump's tariffs and Britain's tax hike for employers are having on business activity.
• Immediate resistance is located at 2.0980 ( 50%fib), any close above will push the pair towards 2.1119 (April 11th high).
• Strong support is seen at 2.0728 (61.8% fib) and break below could take the pair towards 2.0574 (Lower BB).
Recommendation: Good to buy around 2.0780, with stop loss of 2.0650 and target price of 2.0880
