Upside risks dominated GBP/USD during the last trading day of 2017. The pair managed to breach the 50.0% Fibo and eventually consolidated near the 1.3530 mark.
Technical indicators are in favour of a subsequent surge that would push the rate above its three-month high of 1.3550. The nearest resistance that could halt further advances is the distant weekly and monthly R1s circa 1.3610.
In case the British Manufacturing PMI to be published at 0930GMT does not put an upward pressure on the rate and it thus manages to maintain its movement sideways, this might signal to a soon change in the sentiment.
Possible donwside targets in this session is the 55-hour SMA and the weekly PP near 1.3475.
