Economic Calendar
The week will end with the Friday's release of the US employment data at 12:30 GMT. The event consists of the release of the US Average Hourly Earnings, US Non-farm Employment Change and US Unemployment Rate.
The rate has moved from 20.2 to 75.1 pips on the announcement.
Click on the link below to find out more about the data releases of this and other currency exchange rates.
GBP/USD short-term review
Everything being equal, the exchange rate could continue to edge higher during the following trading session. The likely target for buyers will be near the 1.3980 area.However, the US microeconomic data releases scheduled at 12:30 GMT could play an important part in the overall movement of the currency exchange rate within this session.
Hourly Chart
GBP/USD daily chart's review
On the daily candle chart, the currency exchange rate tested the resistance of the 1.3900 mark together with the 100-day simple moving average.Since last week, the exchange rate was finding resistance in the 55-day simple moving average.
Daily chart
Read More: Technical Analysis
Traders are short
On Thursday, traders were 67% short on the Swiss Foreign Exchange.
On Friday, the market sentiment remains unchanged as 69% of SWFX traders are bearish.
Meanwhile, in the 100-pip range around the rate the pending orders were 64% to sell.
On Thursday, traders were 67% short on the Swiss Foreign Exchange.
On Friday, the market sentiment remains unchanged as 69% of SWFX traders are bearish.
Meanwhile, in the 100-pip range around the rate the pending orders were 64% to sell.