GBP/USD keeps gains after NFP

GBP/USD briefly visited the 1.2910 area following today’s NFP figures, although it has soon managed to recover the 1.2930/40 band.

GBP/USD supported near 1.2880

Spot remains supported by the better tone around GBP after bottoming out in the 1.2880 area in overnight trade, although the daily upside run out of legs in levels just shy of the critical barrier at 1.3000 the figure.

The pair kept the composure after the stellar NFP results showed the US economy has added 287K jobs during last month (highest since October), crushing expectations for a 175K gain and up from May’s 11K (revised from 38K).

GBP/USD levels to consider

As of writing the pair is gaining 0.10% at 1.2919 facing the next resistance at 1.2998 (high Jul.8) followed by 1.3118 (low Jun.27) and then 1.3321 (23.6% Fibo of post-Brexit down move). On the flip side, the immediate support appears at 1.2796 (low Jul.6).