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Seems to be a strong Support on GBPUSD chart

On the GBPUSD seems to be a strong support at 1.5559 although it fell below it on 23 August but trimmed its losses after that. Today GBP went up a little bit after disappointing Durable Goods Output for USD which measures the total value of new purchase orders placed with manufacturers for durable goods. 3% decline was expected whereas the actual data came out with a decline of 7.3%. It is a leading indicator of production and rising purchase orders signal that manufacturers will increase activity as they work to fill orders. After the news USD almost fell against almost every other currency but it recovered during the later US session. From the graph the resistance seems to be at 1.5611. Week data added uncertainty over whether Fed will start to taper it bond buying program.