CM: GBP/USD bounces at 1-week at 1.6155, back to 1.6190
FXstreet.com (San Francisco) - The Pound has fallen against the Dollar as first U.S employment report reaction with the pair testing 1-week low at 1.6155 but at the moment the pair jumped toward previous levels at 1.6190.
The US government has reported the the American economy has created 115K jobs in the month of April, well below expectations and the previous print. The unemployment rate fell to 8.1% from 8.2%.
GBP/USD was trading range between 1.6160 and 1.6190 during today's session but after NFP data the pair was shooked. Currently the Cable is pricing at 1.6180, at the same opening price zone. Pair is "Slightly Bullish" and "Extremely Oversold" according to FXstreet.com technical studies.
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