TenkoFX - Analytics


    425.75 7.25/10
    68% of positive reviews

    GBP/USD regained 1.33 and beyond on PMI Pablo Piovano

    The Sterling is prolonging its rebound today, now pushing GBP/USD back above the 1.3300 handle after upbeat PMI print.GBP/USD gains momentum post-PMISpot managed to reclaim the 1.3300 mark after UK’s manufacturing PMI has surprised to the upside during June, up to 52.1 vs. 49.9 forecasted and May’s50.1In the meantime the pair is prolonging the rebound from yesterday’s post-Carney lows in the 1.3200 neighbourhood, testing daily highs as risk sentiment continues to improve across the board.Next on tap will be US ISM Manufacturing, Markit’s manufacturing PMI and the speech by Cleveland Fed’s Loretta Mester.GBP/USD levels to considerAs of writing the pair is advancing 0.05% at 1.3316 with the next resistance at 1.3533 (high Jun.29) followed by 1.3833 (previous 2016 low Feb.29) and finally 1.4004 (low Apr.6). On the other hand, a breach of 1.3224 (post-Brexit low Jun.24) would open the door to 1.3207 (post-Carney low Jun.30) and then 1.3118 (2016 low Jun.27).

    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree