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Nonfarm

GBPUSD Wedge formation broken + pay rolls = buy?As can be seen price has broken out of the wedge formation. What usually happens now is a deep retracement back into the wedge and a spike back out continuing the upwards trend towards a re-test of previous highs. The farms rolls tomorrow are historically the worst and this should give a perfect opportunity for bulls to carry price higher. See below for a double entry trade with a short and longer term target at historic structural resistance levels.
Long
by Elliot_Myers
DATA VIEW (NOT A FORECAST): NONFARM PAYROLLS FULLY RECOVEREDTotal NFP confirm the positive developments in unemployment rate. The data trends firmly upwards since 2011 and has surpassed the pre-crisis peak of 2008.
FRED:PAYEMSLong
by Killy_Mel
1122
…999999

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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