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Forex pairs in this Article » GBP/USD
FXStreet (Córdoba) - The GBP/USD slumped to fresh daily lows sub 1.6300 after the UK January services PMI missed expectations Wednesday.

The UK services PMI fell to 58.3 in January from 58.8 the previous month and below the 59.0 expected, complementing a disappointing manufacturing PMI reading earlier this week. The GBP/USD broke below 1.6300 and slid to a day low of 1.6268 but managed to hold above yesterday's trough of 1.6256. At time of writing, the Cable is trading at the 1.6280 zone, recording a 0.2% loss on the day.

GBP/USD levels to watch


In terms of technical levels, the GBP/USD could face immediate supports at 1.6256 (Feb 4 low), 1.6241 (100-day SMA) and 1.6200 (psychological level). On the other hand, resistances are seen at 1.6340/44 (Feb 5 & 4 highs), 1.6390 (100-hour SMA) and 1.6400 (psychological level).
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