Singapore
2020-07-07 15:58
Market analysisGBP/USD Outlook (06 July 2020)
Related product:
Forex,Others,Others,Others,Others,Others
Market analysis:
Overall, GBP/USD is trending downwards. Recently, GBP/USD has been ranging across around the resistance zone of 1.25000.
The UK Final Services PMI data (Actual: 47.1, Forecast: 47.0, Previous: 47.0) released last Friday confirmed the progress made in the services sector in June.
The UK Construction PMI data (Forecast: 46.0, Previous: 28.9) will be released later at 1630 (SGT).
Currently, GBP/USD is testing the resistance zone of 1.25000 and the next support zone is at 1.23000.
If GBP/USD breaks the resistance zone of 1.25000, look for short-term buying opportunities up until the release of the U.S. ISM Non-Manufacturing PMI data at 2200 (SGT).
Jin_Forex
Trader
Hot content
Industry
Event-A comment a day,Keep rewards worthy up to$27
Industry
Nigeria Event Giveaway-Win₦5000 Mobilephone Credit
Industry
Nigeria Event Giveaway-Win ₦2500 MobilePhoneCredit
Industry
South Africa Event-Come&Win 240ZAR Phone Credit
Industry
Nigeria Event-Discuss Forex&Win2500NGN PhoneCredit
Industry
[Nigeria Event]Discuss&win 2500 Naira Phone Credit
Forum category
Platform
Exhibition
Agent
Recruitment
EA
Industry
Market
Index
GBP/USD Outlook (06 July 2020)
Singapore | 2020-07-07 15:58
Overall, GBP/USD is trending downwards. Recently, GBP/USD has been ranging across around the resistance zone of 1.25000.
The UK Final Services PMI data (Actual: 47.1, Forecast: 47.0, Previous: 47.0) released last Friday confirmed the progress made in the services sector in June.
The UK Construction PMI data (Forecast: 46.0, Previous: 28.9) will be released later at 1630 (SGT).
Currently, GBP/USD is testing the resistance zone of 1.25000 and the next support zone is at 1.23000.
If GBP/USD breaks the resistance zone of 1.25000, look for short-term buying opportunities up until the release of the U.S. ISM Non-Manufacturing PMI data at 2200 (SGT).
Forex
Others
Others
Others
Others
Others
Like 0
I want to comment, too
Submit
0Comments
There is no comment yet. Make the first one.
Submit
There is no comment yet. Make the first one.