Higher-than-expected U.S. employment figures last week saw the dollar strengthen against major peers because the data was seen by traders as an indication that the Fed could raise interest rates more aggressively to combat inflation.

As long as the GBPUSD pair stays below 1.2159, on a four-hourly basis, we will see a 1.2010 main support level. Otherwise, if the price goes beyond 1.2159. the next level will be at 1.2306.

Support: 1.2010
Resistance: 1.2159 - 1.2306 - 1.2380

08 Aug 22 (Mon)

02:37 pm