GBPUSD TRADES BELOW KEY RESISTANCE
The British pound has has moved lower against the US dollar, following the release of weaker than expected UK manufacturing data. The GBPUSD pair had earlier moved to the 1.3300 resistance level before reversing lower on the soft UK data print. Sellers will now attempt to hold price below the 1.3255 level, while buyers will look to move price back towards the 1.3300 level.
The GBPUSD pair is only intraday bullish while trading above the 1.3255 level, key resistance is found at the 1.3300 and 1.3361 levels.
If the GBPUSD pair holds below the 1.3255 level, sellers will likely test towards the 1.3205 and 1.3142 support levels.