GBPUSD H4 Chart Technical Overview NFP Ahead
Cable is testing the 1.30600 key support.
NFP will be released in an hour.
A better than expected NFP data may send the pair 1.3000 and 1.29400.
What can be done?
A pending sell order can be placed at 1.30400
Target 1: 1.3000
Target 2: 1.29700
Target 3: 1.29400.
Update: TP1 Reached
If the NFP does not meet the expectations, we may see the pair testing the downtrend line as seen on the below chart:
Here we plan to wait for the 1.31200 breakout to go long with the targets 1.31800 and 1.32200.
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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money
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