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GBPUSD trades to a new session low after stronger ISM data

The GBPUSD is trading to a new session low after the better-than-expected ISM manufacturing data, and in the process looks toward the 1.2500 natural support level. The 38.2% retracement of the move up from the April 17 low is also in play near that natural support at 1.24951. A swing area going back to April 12 to April 14 is between 1.2495 and 1.2500.On Friday the high price reach 1.25833. That was short of the low of a swing area going back to April, May and June 2022 between 1.2598 and 1.2565... Read More

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Posted: May 1 2023, 14:40

Author Name: forexlive

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