GBPUSD Downward Correction | Market outlook

Sterling declined against dollar on Friday as strong jobs report boosted greenback across the board. Labor Department statistics showed U.S. job growth rose solidly in July amid demand for workers in the labor-intensive services industry. Nonfarm payrolls increased by 943,000 jobs last month after rising 938,000 in June, the department said in its closely watched employment report. The British pound fell nearly 0.4%.

We will likely see possible movements downwards before Bullish trend continuation.

Trade fermée: cible de profit atteinte