Currently GBP\/USD is moving above the 1.2650 level, indicating a gradual increase in the volume of long positions. In terms of technical analysis, the pair could go back to test the support of 1.2650. The reports on the net lending to the public sector and balance of industrial orders had a negative impact on the pair. However, the restrained stance of the Fed’s protocol brought demand for pound back into the market. Today, PMI data for the UK has come out, and it is less than ‘Forecast which is not good for pond, that’s why it may slip down. But if consolidate above the support level of 1.2660 it may bounce back.<\/p>\n\n\n\n
Currently it is running on UP trend<\/mark><\/strong><\/p>\n\n\n\n Important levels are 1.2613, 1.2627, 1.2652,1.2666 and 1.2681<\/p>\n\n\n\n Trading strategy : Buy On Dip<\/mark><\/strong><\/p>\n\n\n\n Trade setup:<\/mark><\/strong> Pullback buy around 1.2660, deeper Buy around 1.2645<\/p>\n\n\n\n Safe swing sell below 1.2610<\/p>\n\n\n\n safe swing buy above 1.2775<\/p>\n\n\n\n Currently GBP\/USD is moving above the 1.2650 level, indicating a gradual increase in the volume of long positions. In terms of technical analysis, the pair could go back to test the support of 1.2650. The reports on the net lending to the public sector and balance of industrial orders had a negative impact on the […]<\/p>\n","protected":false},"author":1,"featured_media":402,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,38],"tags":[],"class_list":["post-401","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-technical-analysis"],"yoast_head":"\nRemark: This market analysis is published to increase your awareness, but not to give instructions to make a trade.<\/mark><\/h6>\n","protected":false},"excerpt":{"rendered":"