The Pound continues to rise versus the Dollar owing to good data that released on Monday succeed to push the Pound higher. The GBP/USD was on a clear uptrend in the last few days and it crossed the 20 moving average on the daily graph, therefore a long position is preferred. Overall, GBP/USD traded with a low of 1.5042 and a high of 1.5203.Today, Manufacturing PMI is expected at 56.8 vs. 56.6 prior.

 GBP/USD - Last: 1.5193

Resistance

1.5240

Support

1.5120

1.5040

1.4958

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