GBP/USD: slightly facing the right surprise PMI construction UK


GBP/USD

After you have marked new lows at 1.3580 this morning, the pair GBP/USD bounces slightly in the face of the PMI construction UK above expectations.

It is in fact posted at 52.5 points for the data for the month of April, compared to 50.5 expected and 47 previously. Note that the 50 points mark the border between contraction and expansion of the business, which makes the figures released today all the more important.

On the Forex, the GBP/USD displayed some of the gains in the face of these figures, with, for the moment, the summit daily on the 1.3646, up 66 pips from its low at 1.3580. From a graphical point of view, the first resistance that the pair will meet in the event of a continued rise is located at 1.3700-10, a threshold that is also home to the MM100 in hourly data.

It must, however, remember that the day will remain responsible in the event that is potentially influential on the Dollar, and therefore also on the pair GBP/USD. It can be noted, including the ADP report on private-sector employment US 14: 15, or the Fed meeting at 20h tonight.

Finally, it should be noted that in case of resumption of the decline, the area of 1.3580-1.36 will be the first support.

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