2 Feb 2015
GBP/USD bounces off lows post-PMI
FXStreet (Edinburgh) - After dipping to session lows around 1.5040/30, GBP/USD is now back near 1.5070 after the release of the manufacturing PMI.
GBP/USD trims losses
The pair is back to the positive territory after the manufacturing PMI in the British economy surprised investors in January, advancing to 53.0 vs. prior surveys at 52.6 and December’s 52.5.
Next of relevance for the pair will be the US docket, with the ISM Manufacturing and Personal Income/Spending taking centre stage.
GBP/USD key levels
The pair is now up 0.11% at 1.5077 with the next resistance at 1.5100 (psychological level) ahead of 1.5141 (21-d MA) and then 1.5161 (high Jan.29). On the downside, a breach of 15018 (low Jan.29) would open the door to 1.4972 (low Jan.26) and then 1.4952 (low Jan.23).
GBP/USD trims losses
The pair is back to the positive territory after the manufacturing PMI in the British economy surprised investors in January, advancing to 53.0 vs. prior surveys at 52.6 and December’s 52.5.
Next of relevance for the pair will be the US docket, with the ISM Manufacturing and Personal Income/Spending taking centre stage.
GBP/USD key levels
The pair is now up 0.11% at 1.5077 with the next resistance at 1.5100 (psychological level) ahead of 1.5141 (21-d MA) and then 1.5161 (high Jan.29). On the downside, a breach of 15018 (low Jan.29) would open the door to 1.4972 (low Jan.26) and then 1.4952 (low Jan.23).