Overall, GBP/USD is ranging across. Recently, GBP/USD trended higher, breaking the resistance zone of 1.24400.
The UK Final manufacturing PMI data (Actual: 40.7, Forecast: 40.7, Previous: 40.6) released yesterday indicated continued contraction in the manufacturing sector in May.
Currently, GBP/USD is bouncing down from the key level of 1.25. Its next support zone is at 1.24400 and the next resistance zone is at 1.26000.
Look for buying opportunities of GBP/USD if it breaks above the key level of 1.25.
The UK Final manufacturing PMI data (Actual: 40.7, Forecast: 40.7, Previous: 40.6) released yesterday indicated continued contraction in the manufacturing sector in May.
Currently, GBP/USD is bouncing down from the key level of 1.25. Its next support zone is at 1.24400 and the next resistance zone is at 1.26000.
Look for buying opportunities of GBP/USD if it breaks above the key level of 1.25.