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Forex pairs in this Article » GBP/USD
FXStreet (Guatemala) - GBP/USD lost the 1.6400 handle earlier in markets on the January manufacturing PMI that came in weaker than expected.

The pair fell from the low 1.6400’s until demand came in at 1.6370 before a further bout of offers triggered sell orders all the way through to 1.6324. The pair is currently being supported on 1.6330/40 territory ahead of areas where there is chatter of more orders gathered ahead of the 1.63 handle. US Markit PMI where markets were expecting 53.9. The figure came in at 53.7 in January from 55.0 in December with little market reaction there. We now await ISM manufacturing coming up. Perhaps we might see some action on this one instead given the markets were taking a breather on the PMI.

GBP/USD Levels

The 20 DMA is 1.6472, the 50 DMA is 1.6412 and the 200 DMA is 1.5820. RSI (14) reads 44.14. Supports are ascending from 1.6262, 1.6309. Spot is currently 1.6350 while resistances are 1.6396, 1.6467, 1.6485, 1.6510 and 1.6536.
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