Forex: GBP/USD extends losses below 1.5800

The GBP/USD dropped to the psychological level of 1.5800 after US data releases, and now is extending lower, currently at 1.5785 low, down by -0.45% on the day. NFP came in at 157K in January, against 160K consensus, and relative to 155K previously. ISM manufacturing PMI is due at 15:00 GMT, expected to move slightly higher, to 50.7.

The Unemployment Rate (January) was reported at 7.9%, against estimates calling for 7.8%.The US manufacturing PMI rose from 54.0 to 55.8 in January. ISM manufacturing PMI is due at 15:00 GMT, expected to move slightly higher, to 50.7.

Mataf.net analysts point to support at 1.5775, while previous supprts at 1.5800 and 1.5845 may now be seen as resistance.