Average Earnings

GBP/USD remains under bearish pressure after failing above 1.3650 and sliding through a sequence of technical breakdowns. Traders are watching 1.3520 as a pivotal resistance area ahead of major US labor market data.

EUR/USD is trading near a two-week low as the US Dollar extends its recent strength and traders reassess the likelihood of another Federal Reserve rate hike. The pair remains vulnerable below the 1.1600 area, although failure to break 1.1574 could still encourage a short-term bullish response.