GBP/USD recovery capped after US data

GBP/USD made a tepid upside attempt at the beginning of the New York session but the advance was short-lived as the greenback was supported by solid US services data.

ISM non-manufacturing index rose to 57.1 in September from 51.4 the previous month and above the 53.0 of consensus.

GBP/USD recovered from fresh multi-decade of 1.2684 but was capped by 1.2754 in recent dealings. The pair was last trading at 1.2730, virtually unchanged on the day.

GBP/USD technical levels

In terms of technical levels, next supports are seen at 1.2684 (31-year low Oct 5) and 1.2600 (psychological level). On the flip side, resistances are seen at 1.2754 (Oct 5 high), 1.2859 (Oct 4 high), 1.2928 (10-day SMA).