FXstreet.com (Córdoba) - The cable managed to reverse intraday losses despite data showed UK manufacturing activity contracted for a second month in June, bouncing back toward the 1.5700 zone into the North American open.
The GBP/USD found support at the 1.5650 zone and climbed more than half a cent to hit its highest since June 21 at 1.5709 in recent dealings. At time of writing, the pair is quoting at the 1.5700/05 zone, a few pips above its opening price.
In terms of technical levels, if the Sterling breaks decisively above the 1.5710 zone, next resistances could be found at 1.5730, 1.5780 and 1.5820, while on the contrary, supports are seen at 1.5650, 1.5630 and 1.5600.
The GBP/USD found support at the 1.5650 zone and climbed more than half a cent to hit its highest since June 21 at 1.5709 in recent dealings. At time of writing, the pair is quoting at the 1.5700/05 zone, a few pips above its opening price.
In terms of technical levels, if the Sterling breaks decisively above the 1.5710 zone, next resistances could be found at 1.5730, 1.5780 and 1.5820, while on the contrary, supports are seen at 1.5650, 1.5630 and 1.5600.
