Elliot_Myers

GBP/USD Construction PMI Forecast

FX:GBPUSD   British Pound / U.S. Dollar
UK Construction is not the nations strongest sector and a poor or below expected read is the most likely outcome, 4 of the last 5 reads have been below average.

The likely outcome will be price continuing to head down and challenging a break of the historic consolidation zone around the 38.2% fib level.

A good read will confirm trader sentiment last Friday which was towards price moving up away from 38.2% zone with scope to push 50% off the back of a news catalyst like the PMI read tomorrow.

Both the up and downside are on the cards so trade post result as not to gamble.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out