The GBPUSD took a walk on the wild side today.  The cross moved down sharply in European trading after disappointing data.  Only to rebound after NFP came in lower than expected.  Heading into next week, direction is a bit unclear.  If traders begin to beleave in further QE we could see a rebound in the pair over the month of June.  support can still be found in the 1.5275/30 zone.  A break of this level would create new year to date lows.  Resistance begins at 1.5430 and is followed by strong daily price support at 1.5520.

 

Sup    1.5275/30

Res   1.5520