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GBP/USD Signal - GBP Markit Manufacturing PMI - 1 November 2021

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
ToniSignals  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Fibonacci Technical Indicators GBPUSD cable betty Forex bettylong gu forexsignals signalservice
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trendanalysis fibonacci indicator gbpusd cable betty forex bettylong gu forexsignals signalservice
GBPUSD has traded into the fibonacci golden pocket as support prior to the GBP Manufacturing PMI data later today, which is an indicator of the economic situation in the UK manufacturing sector. Technically the pair is at fibonacci golden pocket support, the RSI has generated a buy signal, and there is a large imbalance candlestick pattern. We anticipate upside into the 1.3755 level.

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