GBPUSD Falls On Negative U.K Data!

Forex- 59896598

All U.K data comes red today. Gross Domestic Product (GDP) for the second quarter fell -0.2%, from 0.5%. Analysts expected it to fall to 0.0%. (Year-over-Year) GDP also fell 1.2%, from 1.7%, missing a forecast of 1.4%. U.K Manufacturing Production (MoM) (Jun) fell -0.2%, from 1.4% a month earlier, missing a forecast of -0.1%…

Technically: According to the 4-hour chart, the pair is under pressure below 1.2140 levels. Support comes at 1.2100 levels. A sustained break below 1.2100 aims the 1.2050/1.2000 levels. Next support comes at 1.1950/1.1900 levels.

On the upside, a clear break above 1.2140 levels will turn the focus on the 1.2175/1.2220 levels.

In conclusion: the GBPUSD remains exposed to the downside below 1.2140 levels.

Support: 1.2100, 1.2050, 1.2000, 1.1950, 1.1900

Resistance: 1.2180, 1.2220, 1.2250, 1.2285, 1.3330

GBPUSD Falls On Negative U_K Data