UK Manufacturing PMI (Mar) rises to 54.4 , GBPUSD is neutral !

manf
manf

The UK Manufacturing PMI (Mar) has jumped  to 54.4 , above expectations 54.3 . This development could bring limited gains for GBPUSD as long as 1.4754 support holds , If seen , sideways move within 1.4754/1.4870 levels is likely before the next fall..

However ; a clear break below the 1.4754 levels will accelerate the bearish move and open the 1.4687 levels….

Support and resistance : 1.4634 , 1.4687 , 1.4754 , 1.4807 , 1.4870 , 1.5009

 

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