FXStreet (Mumbai) - The GBP/USD witnessed a moderate dip to 1.5090 levels, while the 2-year treasury yield inched closer to 1% after the non-farm payrolls number printed higher than estimates. Back below fib support The pair fell below 1.5115 (50% of 1.5336-1.4895) and extended losses to trade around 1.5090 after the payrolls report showed the economy added 211K jobs in November, beating the estimate of 200K print. The unemployment rate stayed unchanged at 5% as expected, while average hourly growth slowed slightly to 2.3%y/y, compared to Oct’s 2.5%. Overall, the report is being treated as strong enough for the Fed to lift rates at Dec 17 meeting. Consequently, the 2-year treasury yield, which represents the rate hike bets rose to 0.991% and the USD strengthened. The NFP number overshadowed the slight rise in the US trade deficit. GBP/USD Technical Levels At 1.5090, a break below the immediate support 1.5087 (50% of Apr-Jun rally would expose the hourly 100-MA at 1.5047. A break lower could trigger a drop to 1.50 handle. On the other side, resistance is seen at 1.5115 (50% of 1.5336-1.4895), 1.5164 (Sep 4 low) and 1.5167 (61.8% of 1.5336-1.4895). A break higher would open doors for 1.52 handle. For more information, read our latest forex news.