GBP/USD Forecast: Bullish on break on charts

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 2, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The GBP/USD pair jumped to 1.43 levels in the European session and extended gains further to a high of 1.4445 in the US session on the back of a broad based USD weakness triggered by a weak US PMI manufacturing and personal spending data. The major takeaways from the US data released yesterday are – the savings rate in December rose to highest since Dec 2012 (as income rose, but spending dropped) and ISM manufacturing employment index dropped to 45.9 in Jan from 48.0 in Dec. Eyes UK

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