GBPUSD AWAITS KEY UK SERVICES DATA
The British pound has moved away from the 1.2800 support region against the US dollar, as the greenback edges away from the best levels of the week. The GBPUSD pair now looks to the release of key PMI Services data from the UK economy, with market expectations tilted to the upside. Sellers will look to break the 1.2810 support level, while buyers will attempt to reclaim the 1.2900 level.
The GBPUSD pair remains intraday bearish while trading below the 1.2863 level, key support is now found at the 1.2810 and 1.2775 levels.
If the GBPUSD pair moves above the 1.2900 level, buyers are likely to target the 1.2930 and 1.2955 resistance levels.