FXStreet (Córdoba) – GBP/USD rose to fresh daily highs during the New York session, as the dollar weakened following softer-than-expected ISM manufacturing data, but found support and retreated somewhat.
GBP/USD managed to recover from a 5-month low of 1.5106 struck earlier on the day and climbed to a peak of 1.5179 before finding resistance. However, the pullback was contained by the 1.5145 area. At time of writing, the pair is trading at 1.5155, still 0.20% above its opening price.
All eyes now turn to the US nonfarm payrolls report due on Friday for catalysts to drive FX market.
GBP/USD key levels
As for technical levels, next resistances are seen at 1.5179 (Oct 1 high), 1.5213 (Sep 30 high) and 1.5240 (Sep 28 high). On the downside, immediate supports could be found at 1.5106 (5-month low Oct 1), 1.5088 (May 5 low) and 1.5026 (Apr 24 low).
(Market News Provided by FXstreet)