The absence of UK economic data on this week's list makes it difficult for the Pound to move towards the end of the week.
The price chart of the GBP/USD currency pair saw a more flat movement on Thursday yesterday after a successful rally at the beginning of the week.
The 1.25000 resistance level reached has yet to be breached after hitting a 10-month high.
The decline happened at the beginning of yesterday's New York session almost towards the 1.24000 level, but the price bounced a little before closing the trading at the end of the session around 1.24400.
A bearish signal is assessed by price movement below the Moving Average 50 (MA50) barrier on the 1-hour time frame on the GBP/USD chart.
However, investors remain cautious first waiting for the United States (US) NFP employment data report soon which will show the direction of further movement.
If the US dollar remains weak, the Pound will continue its previous gains seeing prices rise to retest the 1.25000 resistance level.
In fact, a higher jump can be expected for the price to record the latest high towards the next target at 1.26000.
But if on the other hand the price plunges significantly, breaking through the 1.24000 level will push the decline to continue towards around 1.23000.
Next, the next focus zone at 1.22000 will be hit back in price to display an interesting reaction and an indication of the next movement.
