$GBPUSD - Pound Has Wild Ride After BOE
That being said, we do have the US jobs report coming out during the trading session on Friday, so it could cause a significant amount of noisy behavior in this market. The 200 day EMA of course attracts a lot of attention as well, but even though the market looked very bullish during the trading session,
. Because of this, I think there is a little bit of hesitation but quite frankly we had shot straight up in the air for a while and a pullback does make a certain amount of sense. Alternately, something could come out of the jobs number that has people running away from the US dollar, which could send this market above the highs of the trading session on Thursday, a very bullish sign indeed. At that point, we would probably go looking towards the 1.37 handle, maybe even the 1.3750 level which is where we had pulled back from previously.
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