The US manufacturing and services PMI came in well below expectations which is raising concerns about how strong this economy is and supporting the narrative that Fed Chair Powell might be more inclined to deliver that pivot and slow the pace of tightening

As long as the GBPUSD pair stays below 1.1837 on a four-hourly basis, we will see a 1.1609 main support level. Otherwise, if the price goes beyond 1.1837. the next level will be at 1.2010

Support: 1.1609
Resistance: 1.1837 - 1.2010 - 1.2159

24 Aug 22 (Wed)

03:29 am