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GBP/USD Forecast: Odds of a bullish move increased ahead of UK Services PMI

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 4, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The GBP/USD pair rose to a high of 1.5445 in the early European session on Monday, but offers pushed it back to 1.54. Once below 1.54, fresh offers in the early US pushed it lower further to 1.5359, which was followed by a sharp bounce back to 1.5419 levels. The sell-off was on account of the broad based USD strength, which overshadowed a healthy construction activity figure. UK Services PMI could be better-than-expected The UK services PMI for October is seen rising to 54.5 from September’s

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