Risk-on due to potential US-China trade agreement

NFP in the US rose by 134 Thousand in last month of 2018, continuing the upwardly updated 270. Thousand in summer and went beneath market expectations of 185 Thousand. It is the weakest reading in a year following the devastating Hurricane Florence that hit the Carolinas in the middle of September true weighing on payrolls. Job increases appeared in health care in professional services in business services in transportation and warehousing. Non-Farm Payrolls in the United States averaged 126.93 Thousand from 1939 until 2018, touching an all-time high of 1115 Thousand in September of 1983 according to trading economics website data.

GBPUSD is holding its gains above the1.3000 level following some minor losses at the beginning of the day and the next key area will be the 100-day MA at about 1.3040. The greenback is once more fighting during the session and is falling to new lows versus some major competitor the pound, euro, and loonie.

Now, this results in that GBPUSD came back up above 1.3000 and buyers probably will be watching to test the key resistance level above. If price breaks above that level the bearish momentum in the pair will turn more week instead.