FXStreet – FXStreet – The better than expected result of the UK PMI production led to a recovery of the GBP/USD in the direction of 1,2880.
GBP/USD bids according to data
The Cable found new buyers, as the UK PMI manufacturing is 56.7 on the forecast of 56.5, according to 57,3 before.
Later we expect some US data: ADP employment report, ISM manufacturing and the FOMC J. Powell (permanent voter, centrist)speech.
• GBP/USD’s consolidation between 1,2800/1,3010 – UOB
GBP/USD to test levels
Currently, the daily loss -0,09% at 1,2878 and the next supports is at 1,2770 (Deep 31. May), 1,2758 (Deep 21. April) and 1,2729 (55-day SMA). On the other hand, supports are located at 1,2853 (to the power of 31. May), 1,2922 (20-day SMA) and 1,2949 (High-26. May).
** FXStreet News Editorial, FXStreet**