The British pound is positive. Data on business activity in the manufacturing sector of Great Britain.

The British pound is positive against the US dollar during the European session, after the publication of data on business activity in the manufacturing sector of the UK.

• According to published data, PMI in March fell to 55.1, against the previous value of 55.2.

Technical analysis: The GBP/USD pair maintains an uptrend in the short term. The nearest level of resistance is at 1.4105. Levels of support are 1.4010, 1.3970.

Key recommendations: In case of further growth and fixing of the instrument price above the level of 1.4105, it is worth considering purchases with further growth to the levels of 1.4160, 1.4190. Purchases should be considered from the levels of 1.4010, 1.3970, subject to the formation of a candle reversal, while the growth potential for these positions – within 70 points. In addition, “Analysis of Japanese candles – the main candle models. is recommended for reading”

Fig. GBP/USD. The current price is $ 1.4080.

Alexander Sivtsov