The British pound has fallen sharply lower against the US dollar during the European trading session after the UK manufacturing PMI came in much weaker than expected. The GBPUSD pair is heavily bearish while trading under the 1.2660 level, with major upcoming support at the 1.2610 level up next. Sellers need to move price under the 1.2520 level to invalidate the bullish pattern on the four-hour time frame.
The GBPUSD pair is heavily bearish while trading below the 1.2660 level, key support is found at the 1.2610 and 1.2520 levels.
GBPUSD pair is only bullish while trading above the 1.2685 level, key resistance is found at the 1.2730 and 1.2780 levels.
