© Dukascopy Bank
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Daily
maximum: 1.5624
GBP continues recovering previous weekly losses after hitting the daily market participants' forecast consensus (1.5508) on strong UK Manufacturing PMI (49.6 vs. 47.4 estimate).
Daily Resistance: 1.5546; 1.5583; 1.5622.
Daily Support: 1.5470; 1.5431; 1.5394.
Daily Bias: Strongly bearish.