Investors to see prices continue to decline on the GBP/USD currency pair chart after failing to continue on Thursday's trading.
This situation is due to the US dollar reduction factor that causes prices to rise.
The recovering market sentiment and the US private sector job data were weakened yesterday that the US dollar strengthened on Wednesday.
Towards the end of the week with a focus on the US NFP Job Data Report, the price on the GBP/USD chart has signed a bullish trend, but any possibility may occur after the report is published shortly.
Zone 1.25000 is seen to be able to maintain its function as a price support as the price goes back to the zone approaching the 1.26000 zone to the trading that connected at the beginning of the Asian session this morning (Friday).
Prices that surpassed the Moving Average 50 (MA50) barriers were also evaluated as the initial signal of trends that would end the previous price decline.
If the US dollar continues to weaken and drives prices to rise higher beyond the level of 1.26000, investors are likely to see prices record the latest height for 5 weeks with the target to the 1.27000 zone.
For the higher increase, prices are likely to test the height zone at 1.27700.
However, if the NFP report will be in favor of the US dollar reinforcement, prices will be lowered as the decline occurred last Wednesday.
The reduction in prices is still expected to test the 1.25000 level in the RBS (Resistance become support) zone.
Over the zone will provide a lower decline in prices to be further extended in the bearish trend movement on the price chart.
Next zone of focus at 1.24000 or lower at around 1.23000 is seen as one of the targets on the decline.
