The GBPUSD has moved to unchanged on the day at 1.5475 (low just touched the level). The level also corresponds with the shallow trend line off the lows today. The price has found some intraday buyers against the level on the first test. On a break, the low at 1.54609 will be eyed.
Intraday resistance comes in at the 1.5497-1.5500 level (see chart above). Traders who are buying against the current support level withe the expectations of a back and forth pre-US employment day, will look for this area as a key test area. Move above, and the correction higher can continue. Hold the level and a rotation back down can be expected.
