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GBP/USD awaits UK PMI, trades around 1.5130

FXStreet (Mumbai) - The GBP/USD witnessed a moderate recovery in Asian today after suffering losses for ten consecutive sessions.

Focus on UK PMI

The investors await the UK final manufacturing PMI report, which is likely to show the activity slowed down in September. The currency pair came under renewed selling pressure in the NY session on Wednesday after the US ADP number printed higher than expected at 200K.

At the moment, the pair is trading around 1.5130 levels. The spot was offered at a high of 1.5214 in the NY session yesterday following which it dropped to a low of 1.5107.

GBP/USD Technical Levels

The immediate resistance is located at 1.5135 (Sep 25 low), above which the pair could target 1.52 levels. On the other side, support is seen at 1.51, under which the loss could be extended to 1.5053 (Apr 17 high).

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