capitalpropertiesfx

GBPUSD ahead of the Manufacturing PMI

FX:GBPUSD   British Pound / U.S. Dollar
2
Cable pushed to the Pitchfork median line yesterday and spent the night consolidating below it, slightly above 1.7100 level. What next? If we should see a pullback then I suspect that 1.7040/50 area will act as a support and price may find new bids around that area. If we push forward from here then 1.7220 is the next number that I am looking at.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.