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GBP/USD Forecast: ready to challenge 1.5500

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 2, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    The British Pound recovers ground this Monday, advancing against its American rival after the release of better-than-expected UK manufacturing data. October final Markit manufacturing PMI printed 55.5 against the 51.3 expected, sending the pair up to 1.5496, and holding nearby, about to challenge the 1.5500 level. The 4 hours chart shows that the technical indicators have resumed their advances, despite being in overbought levels, while the 20 SMA heads higher well below the

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