GBPUSD Sees A Buying Opportunity On Services PMI Data!


The U.K will report on its Services PMI today at 08:30 GMT. Analysts expect a rise to 54.5 reversing from 55.00 a month earlier…

Well, with GBPUSD printing a new support at the 1.2864 levels yesterday, this could be a buying opportunity around this level, immediate resistance comes at the 1.2945 levels.

Note that the pair has been rejected at this level for more than five days. Anyway, next support comes at the 1.2770 levels.

On the upside, above 1.2945 is unlikely before U.S jobs report tomorrow, anyway; above that level will turn the focus on the 1.3000 levels ahead of the 1.3085 levels…

The idea, we have a strong demand zones around 1.2865/1.2840/1.2800/1.2770 levels…

According to the 4-hour, it may hit 1.2840 before going up once again……

Previous articleEURUSD Daily Forecast May 03 2017
Next articleEURUSD Daily Forecast May 04 2017

I’ve been in the fx market since 2007, In this website, I’m gonna share with you the knowledge and the experience that I obtained through the years, I analyze the markets from technical and fundamental perspectives. I cover, short/medium to longer term forecasts, that fits all kind of traders from beginners to professionals, my primary mission is to get the real pulse of the market to our readers.


Please enter your comment!
Please enter your name here