GBPUSD awaiting important economic data
The British pound is attempting to recover back towards the 1.2600 level against the US dollar after sellers failed to hold price below the pivotal 1.2528 level during the European trading session. A sustained move above the 1.2600 resistance level may prompt GBPUSD buyers to test the important 1.2660 area. Traders now await the release of key ISM manufacturing and ADP jobs data from the United States economy.
The GBPUSD pair is intraday bullish while trading above the 1.2528 level, key resistance is found at the 1.2600 and 1.2660 levels.
If GBPUSD sellers move price below the 1.2528 level, further losses towards the 1.2460 and 1.2425 levels may occur.