The Pound might find resistance at 1.6245/55 (21.8% Fib retracement of the Aug 16-Sept 1 decline), and above here, 1.6335 (Aug 31 high) and 1.6420 (Aug 30 high). On the downside, support levels lie at 1.6170 (day lows) and then 1.6110 (Aug 11 low) and 1.6055/65 (Jul 20 low).
US Non Farm payrolls have remained unchanged in August, against market expectations of a n increase of about 75 to 90K, and well below the 85K increase seen in July, which has been downwardly revised from the 117K increment previously estimated.
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