Chart Analysis: GBP/USD

Forex Charts:

The GBP/USD managed to stave off new lows today below 1.5800 as GBP, USD and JPY fight for lowest spot on the currency totem pole. Today's low and the 1.6110 area are the two key trigger areas for the GBP/USD's next larger move now.

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Canada Jobs Shocker

The Canadian Dollar though resisted the rising US Dollar on Friday, after a jobs report showed that the commodity reliant economy created jobs that totalled 600% more than analysts had called for.

The unemployment rate in the North American country fell for the first time in 14 months.

At the close of the Forex market, the Candian Dollar was up .13% to the Euro to 1.5371, up .21% to the Australian Dollar to .9436, up .15% to the Japanese Yen to 85.96, and up .13% to the British Pound Sterling to 1.653.

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