High price stalled ahead of a swing area between 1.3870 and 1.38774
The GBPUSD – like other pairs – saw the price move higher after the initial reaction to the US jobs report. The high price reached 1.38667. That fell short of a swing area between 1.38715 at 1.38774. The inability to extend above that area (and stay above) can potentially lead to more downside trading, but there are other key hurdles needed to be cleared to the downside before the sellers can take back more control.