GBP/USD: Another pair with a strong bearish trend

The Pound continues losing ground versus the Dollar, even though the job’s numbers from the United States came out mixed. The amount of new jobs created in December in the US came out way better than expected, the unemployment rate stayed unchanged at 5%, and the average hourly wages also stayed unchanged. This caused the Dollar to rally initially, but then it dropped again, except versus the Pound. This shows that the Pound is having some internal difficulties that prevents it from heading higher. The last low on the GBP/USD has been the 1.4500 level, if it continues dropping, the pair may reach the 1.4400 level. In case of a bullish retracement, the 1.4700 level could act as resistance.