GBP/USD extends highs to 1.7160

FXStreet (San Francisco) - The GBP/USD got a push from the recent weaker-than-expected set of US manufacturing data and now it is posting fresh highs since October 2008 at 1.7160.

Currently, GBP/USD is trading at 1.7153, up 0.28% on the day, having posted a daily high at 1.7164 and low at 1.7096. GBP/USD spot is in overbought territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.

GBP/USD sentiment

If the pair manages to hold gains, next resistances would be 1.7170 and 1.7200. On the downside, supports are at 1.7040, 1.7000 and 1.6950.