GBP/USD falls on US Dollar strength amid Fed rate hike speculations – by christianborjon GBPUSD Majors Macroeconomics Technical Analysis
will feature the important jobs report, with Employment Change, expected at 50K and the Unemployment Rate unchanged at 3.7%. On the US front, the docket will feature Building Permits, Housing Starts, and Federal Reserve Governor Michell Bowman speaking.A double-top chart pattern is beginning to emerge in the GBP/USD daily chart. Nevertheless, a break below April’s 10 cycle low at 1.2344 is needed to validate the pattern. An initial price target would be 1.
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