GBP/USD hesitates with NFP and UK construction PMI in focus

💡 DMK Insight

GBP/USD’s recent struggle at 1.3600 is a critical signal for traders right now. The pair’s failure to break above 1.3645 and hold above 1.3600 suggests a potential resistance zone that could trigger a pullback. With the pair currently around 1.3595, traders should keep an eye on this level as a decisive break could lead to further gains, while a rejection might push it back towards lower support levels. The broader market context, including recent U.S. economic data and Fed policy signals, could also influence the pair’s trajectory. If the dollar strengthens due to hawkish signals, GBP/USD could face additional downward pressure. On the flip side, if the UK economy shows resilience, we might see a renewed attempt to breach that resistance. Watch for any economic releases from the UK or the U.S. that could sway sentiment. The key levels to monitor are 1.3600 for resistance and 1.3550 for support, with a potential breakout or breakdown expected in the coming days.