FXstreet.com (Barcelona) - The Pound has risen to the 1.4447 resistance, 50% fibo retracement, and then has been trading above the 1.4400 support. But after the Philadelphia Manufacturing data, the pair has fallen sharply, breaking the 1.4400 and testing the 1.4300 next support.
The GBP/USD has fallen more than 100 pips to the 1.4300/20 band in the first twenty minutes after worse than expected February manufacturing data releases.
If the pair breaks 1,4300 support, next level could be 1.4280. On the uptrend side, if the pair will be back to above the 1.4400 level, next resistance could be 1.4450 again, as 50% fibo retracement.