The British Pound recovers ground this Monday, advancing against its American rival after the release of better-than-expected UK manufacturing data. October final Markit manufacturing PMI printed 55.5 against the 51.3 expected, sending the pair up to 1.5496, and holding nearby, about to challenge the 1.5500 level. The 4 hours chart shows that the technical indicators have resumed their advances, despite being in overbought levels, while the 20 SMA heads higher well below the current level, all of which supports further gains, should the pair advance beyond 1.5510. Strong selling interest has surged around the 1.5500 price zone for all of the past October, and remains as the level to break to confirm a stronger recovery, towards 1.5560.Intraday pullbacks towards 1.5460 should attract buyers to keep the bullish momentum alive, although a break below it can see the pair retracing back towards the 1.5400/20 price zone. 
