GBP/USD fails to hold above 1.3300

GBP/USD pushed even higher during the New York session, as the greenback weakened broadly on the back of disappointing US manufacturing data.

ISM manufacturing index dropped to 49.9 in August from 52.6 in July and below the 50.0 threshold that separates expansion from contraction.

The dollar came under pressure and GBP/USD, that was already on demand following UK PMI, extended gains to a peak of 1.3317, last seen Aug 4. At time of writing, the pair is trading at 1.3270, recording a 1.03% gain on Thursday.

GBP/USD levels to consider

As for technical levels, immediate resistances could be found at 1.3344 (Aug 4 high), 1.3370 (Aug 2 high) and 1.3480 (Jul 15 high). On the other hand, supports are seen at 1.3127 (Sep 1 low), 1.3058 (Aug 29 & 30 low), 1.3000 (psychological level) and 1.2978 (Aug 17 low).