GBP/USD is trading within a 27 pips range on the day
Not much is happening in the pair at the moment - not surprising given it's NFP day but it's also that we're waiting on European traders to come in.
Despite some "wild" movements in yesterday's trading, the pair remains well bid and is almost unchanged on the day as the dollar firms up before the jobs report later today.
At the moment, the same resistance levels that were holding the pair back yesterday are the ones that is keeping a lid on the move to the upside today as well.
On the daily chart, it's that pesky 76.4/23.6 retracement level at 1.4268 that has been a thorn for buyers over the last week. And that's one of the key ones to break above on the daily close if we are to see a run higher in the pair.
Meanwhile, on the hourly chart, it is last Friday's high at 1.4285 that's putting a lid on near-term price action from breaking higher so far.
The platform is set for the key risk event on the day - the US jobs report - to see if we will have another leg higher in cable, but who knows, we could get an early treat when European traders join the action in a bit later.
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