UK Services PMI Forecast Jan 06 2015

forex vqlxh6 min
forex vqlxh6 min

Despite the rise we had seen last month in Services PMI indicator , It has printed resistance at the 60.05 levels (Sept  2014) and further decline still in sight the upcoming months towards or below 56.2 levels. (Nov 2104 ) .

For today ,  58.7  levels (Oct 2014) should provide strong resistance , so any reading around this level is likely to bring sideways move for GBPUSD pair within support and resistance range – read GBPUSD forecast for further information – however ; If this indicator mange to reach the last peak at the 60.05 levels , strong rebound could be seen towards/beyond  main resistance at 1.5318 , In all , as long as 1.5318 holds on a daily closing basis , strategy remains to the downside , but use UK Services PMI data to decide to ride the downward trend or to wait for selling the pair at resistance levels…

It will be published today  at 09:30 GMT.


UK Services PMI Forecast Jan 07 2015