GBP/USD Forecast: Carney could restrict gains around hourly 200-MA

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 1, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The GBP/USD pair formed a bullish pinbar formation on Monday and thus extended gains to near 1.51 levels in Asia today. The sell-off in the EUR/GBP ahead of the Thursday’s ECB meeting helped the GBP/USD recover from the Monday’s low of 1.4994. The focus today is on the Bank of England’s Carney’s speech and the UK manufacturing PMI report. Carney could overshadow UK PMI report The UK manufacturing PMI for November is seen coming-in at 54.00 from Oct’s 55.5. The inflow of new export orders would

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