Overall, GBP/USD has been ranging across. Last Friday, GBP/USD trended lower after the release of the worse than forecasted U.K. flash manufacturing and services PMI data. The U.K. services industry went into contraction last month.
Currently, GBP/USD is testing the key level of 1.29. Its next support level is at 1.27800 and the next resistance level is at 1.29800.
Look for short-term buying opportunities of GBP/USD after it breaks above the key level of 1.29.
- Flash Manufacturing PMI (Actual: 48.3, Forecast: 48.8, Previous: 49.6)
- Flash Services PMI (Actual: 48.6, Forecast: 50.1, Previous: 50.0)
Currently, GBP/USD is testing the key level of 1.29. Its next support level is at 1.27800 and the next resistance level is at 1.29800.
Look for short-term buying opportunities of GBP/USD after it breaks above the key level of 1.29.