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GBP/USD Forecast: Trading the UK services PMI report

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    GBP/USD trades above the rising trend line (red) hurdle for a brief moment in the NY session before trimming gains to end the day on a positive note at 1.4262 levels. The move lower form the high of 1.4322 levels was largely due to hawkish comments from Fed’s Rosengren. The pair is now trading on a weaker note around 1.4245 levels. Eyes UK services PMI figure Services PMI is seen ticking higher at 53.5 in March from Feb figure of 52.7. Service sector is the most dominant sector of the economy,

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