Look to short the cross on NFP if the numbers come out in that direction.  We broke through the descending wedge and pulled back to the 1.5462 where we currently are. Initial reaction targets are the 1.5412 (S4) area.  Look for a follow through to the 1.5345 Support and the S5 next week at 1.5268.  A northbound reaction  the target is 1.5501 with a greater target at 1.5556.  Trade Cautiously.

gbpUSD-01-07.jpg