FXStreet — The British pound was today a rest and so rises, the GBP/USD above 1,2900.
GBP/USD bids after good PMI data
After the publication of the UK PMI manufacturing, which surprised in April with a score of 57.3 (54,2) compared to the forecast of 54.0, increased the buying interest to the Cable.
The Pair rebounded from the 1,2870/60 Deep, which was achieved with the Fears of the difficult-to-Brexit negotiations.
GBP/USD to test levels
Currently, the daily profit is 0.07% in the case of 1,2894 and the next Resistances lie at 1,2970 (2017 High 28. April), 1.3000 (psychological level) and 1,3060 (High 29. September). On the other hand, supports are located at 1,2864 (Deep-2. May), 1,2758 (Deep 21. April) and 1,2685 (20-day SMA).
** FXStreet News Editorial, FXStreet**