{"id":278550,"date":"2024-04-06T08:20:35","date_gmt":"2024-04-06T02:50:35","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=278550"},"modified":"2024-04-06T08:20:35","modified_gmt":"2024-04-06T02:50:35","slug":"pound-sterling-faces-pressure-amid-caution-ahead-of-nonfarm-payrolls-report-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/pound-sterling-faces-pressure-amid-caution-ahead-of-nonfarm-payrolls-report-crypto-news\/","title":{"rendered":"Pound Sterling faces pressure amid caution ahead of Nonfarm Payrolls report &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<h2 class=\"fxs_headline_medium\">GBP\/USD Price Analysis: Bounces off bottom of range but soon stalls<\/h2>\n<p>GBP\/USD has just bounced off the bottom of a medium-term consolidation range after forming a bullish Tweezer Bottom Japanese candlestick pattern. \u00a0\u00a0<\/p>\n<p><strong>The pair rose up strongly on Wednesday and Thursday but then hit stubborn resistance at the intersection of two major moving averages <\/strong>\u2013 the red 50-day and blue 100-day Simple Moving Averages (SMA) \u2013 and stalled.\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/gbp-usd-price-analysis-bounces-off-bottom-of-range-but-soon-stalls-202404051205\">Read more&#8230;<\/a><\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/_GBP_USD_2024-04-05_13-42-52-638479152031375051-638479167130602091.png\"><\/a><\/p>\n<h2 class=\"fxs_headline_medium\">Pound Sterling faces pressure amid caution ahead of Nonfarm Payrolls report<\/h2>\n<p>The Pound Sterling (GBP) retreats to 1.2620 in Friday\u2019s London session after failing to recapture the round-level resistance of 1.2700. <strong>The GBP\/USD pair falls back as escalating geopolitical tensions and caution among market participants ahead of the United States Nonfarm Payrolls<\/strong> (NFP) report for March has boosted demand for the US Dollar.\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/pound-sterling-faces-pressure-as-us-dollar-strengthens-ahead-of-nonfarm-payrolls-report-202404050750\">Read more&#8230;<\/a><\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/_GBP_USD_2024-04-05_12-57-45-638479001436510130-638479167715715299.png\"><img decoding=\"async\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/_GBP_USD_2024-04-05_12-57-45-638479001436510130-638479167715715299.png\" style=\"width: 1675;height: 718\" \/><\/a><\/p>\n<h2 class=\"fxs_headline_medium\">GBP\/USD Forecast: Pound Sterling could turn south in case US NFP beats expectations<\/h2>\n<p>GBP\/USD advanced toward 1.2700 during the European trading hours on Thursday but reversed its direction in the American session to end the day with small losses. <strong>The pair holds comfortably above 1.2600 early Friday as market participants await labor market data from the US.<\/strong><\/p>\n<p>After suffering large losses against its major rivals in the first half of the week, the US Dollar gained traction in the second half of the day on Thursday.\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/analysis\/gbp-usd-forecast-pound-sterling-could-turn-south-in-case-us-nfp-beats-expectations-202404050919\">Read more&#8230;<\/a><\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/image-638479054621118553-638479167900077434.png\"><img decoding=\"async\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/image-638479054621118553-638479167900077434.png\" style=\"width: 1639;height: 765\" \/><\/a><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>GBP\/USD Price Analysis: Bounces off bottom of range but soon stalls GBP\/USD has just bounced off the bottom of a medium-term consolidation range after forming a bullish Tweezer Bottom Japanese candlestick pattern. \u00a0\u00a0 The pair rose up strongly on Wednesday and Thursday but then hit stubborn resistance at the intersection of two major moving averages [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":8929,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,459,641,255,250,333,1380,252,247,253,249,256,254],"class_list":["post-278550","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-dollarindex","tag-gbpusd","tag-gta","tag-looks-rare","tag-macroeconomics","tag-nfp","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/278550","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=278550"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/278550\/revisions"}],"predecessor-version":[{"id":278552,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/278550\/revisions\/278552"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/8929"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=278550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=278550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=278550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}