GBPUSD / 05/01/2015 10:54:21 Fell HarshlyLast Friday, England manufacturing PMI data stay remained below expectations and also decreased compared to the previous data. The pair moved downward throughout the day with the dollar appreciated on a global basis. The pair continues downward movements in the new week.
construction PMI data will be announced in England side while San Francisco Fed president Williams speech will be followed by the markets in the US side.
Technically selling pressure continues on the pair. In case of the pair staying below the 1,54 resistance level, then the 1,5335 and the 1,5285 level would be aimed. On the other hand in case of the pair staying above the 1,54 level, then the 1,5475 and the 1,55 level can be targeted.