GBP/USD Treads Water Ahead of US Jobs Report

The British pound has been experiencing downward pressure against the US dollar, but it's now testing its massive support levels. A key area of interest is between 1.32 and 1.3150, which has provided support over the last six months.

This level is significant because the upcoming Non-Farm Payrolls report in the United States on Friday may have an impact on the currency pair's movement. The stochastic oscillator is currently in oversold conditions, but it hasn't had a clean crossover yet.