$GBPUSD Forecast: No signs of recovery as dollar capitalizes on safe-haven flows by eren_fxstreet forex trading
Later in the day, the US Bureau of Labor Statistics' February jobs report will be featured in the US economic docket. Nonfarm Payrolls are expected to rise by 400,000 following January's increase of 467,000. Investors are likely to ignore this data and stay focused on geopolitics as the Fed is clearly not concerned about the labour market.1.3300 aligns as interim support before 1.3270 . In case a four-hour candle closes below the latter, the pair could target 1.3200 next on the downside.
Meanwhile, the Relative Strength Index indicator on the four-hour chart has declined to 40, confirming the bearish bias in the near term.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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