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• GBP/USD edged higher on Friday as the U.S. dollar softened ahead of the much-anticipated nonfarm payrolls report.
• Attention remained firmly focused on Friday’s highly anticipated U.S. non-farm payrolls (NFP) report, as investors awaited fresh insights into the strength of the labor market .
• The data is seen as key to shaping expectations for future Fed rate cuts, with a weaker print boosting hopes for easing and a strong result likely delaying policy shifts.
• At GMT 10:47,the pound was up 0.14% at 1.3289 against the dollar .
• Immediate resistance is located at 1.3349 (April 24th high), any close above will push the pair towards 1.3465 (23.6%fib).
• Strong support is seen at 1.3440(38.2%fib) and break below could take the pair towards 1.3105(50%fib).
Recommendation: Be on sidelines
