Forex: GBP/USD retraces from highs, around 1.5865
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GBP/USD
FXstreet.com (Barcelona) - The sterling is following its European counterpart on Friday, retracing some ground after hitting fresh tops overnight around the 1.5880 region
Next on tap in the UK will be the final print of the manufacturing PMI during January, expected to ease a hair to 51.0 from 51.4
At the moment the cross is up 0.05% at 1.5866 with the next resistance at 1.5895 (MA200d) and then 1.5940 (Fibo retracement).
On the flip side, a breach of 1.5750 (low Jan.25) would bring 1.5689 (Fibo retracement)
Next on tap in the UK will be the final print of the manufacturing PMI during January, expected to ease a hair to 51.0 from 51.4
At the moment the cross is up 0.05% at 1.5866 with the next resistance at 1.5895 (MA200d) and then 1.5940 (Fibo retracement).
On the flip side, a breach of 1.5750 (low Jan.25) would bring 1.5689 (Fibo retracement)
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