Finally some good fundamental news from UK today, as Manufacturing PMI climb to ten months high. The PMI climbed as there were large increase in domestic and international orders. It would be interesting to see whether other economic data, such as Services PMI also show improvement in coming weeks.

From technical perspective GBPUSD is testing an important supply zone at 1.3318 and if this zone doesn't hold then price is likely to test resistance at 1.3482 level. So the best option would be to look for buying opportunities on lower time frames.

Moreover, there is also untested Daily demand zone at 1.2919 which could provide excellent buying opportunity, but at present price is too far away from this zone, but this zone could come in play in near future.

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