• GBP/USD rose on Friday after as a weaker-than-expected U.S. jobs report weighed on dollar. • The U.S. economy unexpectedly lost jobs in July, while sharp downward revisions to the previous two months' payrolls clouded the outlook for a Federal Reserve rate hike next month•Nonfarm payrolls decreased by 23,000 jobs in July, according to the Labor Department's Bureau of Labor Statistics, sharply missing economists' expectations for an 80,000 increase. • The Labor Department's closely watched report also showed the unemployment rate fell to 4.1% in July from 4.2% in June, largely as 264,000 people exited the labour force, pushing the participation rate to a near 5-1/2-year low of 61.4%..• Markets are now pricing in a nearly 56% chance that the Fed will hold rates in September, up from 45% a day earlier, according to the CME's FedWatch tool..• Immediate resistance is located at 1.3515( 38.2%fib), any close above will push the pair towards 1.3556(Higher BB)• Strong support is seen at 1.3412(SMA 20) and break below could take the pair towards 1.3394(38.2%fib). Recommendation: Good to buy around 1.3480 , with stop loss of 1.3430 and target price of 1.3550