Despite the strong US data, the British pound gained 135 points on Friday
In the US, the non-farm payrolls showed an increase by 178K in November, which is above the average expectations of 175K. The unemployment rate fell from 4.9% to just 4.6%. The stock indexes have shown a symbolic growth, but they are already under the pressure of expectations of the rate hike.
Today, the US data will determine the direction of the pair GBP/USD
The Markit Composite PMI is expected from 54.7 to 54.9 in November. The national ISM Non-Manufacturing PMI is expected to rise from 54.8 to 55.3.
In the evening, the Fed FOMC member William Dudley speaks on the monetary policy. Later, James Bullard will have a speech about the economic outlook.
The British pound can lose its support. In November the Services PMI is forecasted at 54.1 against 54.5 in October.
How to trade binary
The pair GBP/UD has the key levels on the 1H chart: 1.2726, 1.2631, 1.2593. We continue to monitor the rising structure of 18 November. The continuation of upward movement is possible after the break of 1.2730. The short-term downward movement is possible after the breakdown of 1.2630.
We would buy Put options if the pair GBP/USD declines below 1.2630.
Target price: 1.2630
Expiry time: 21:00 GMT