Sterling's quick fire rise to near 1.51 levels followed by a drop to 1.5070 despite the horribly weak ISM manufacturing report indicates the cable lacks strength and is likely to move towards 1.50 handle.
The turn lower from near 1.5 levels after the ISM figure also marked a failure to sustain above 1.5087 (61.8% of Apr-Jun rally).
Trade - Sell GBP/USD @ 1.5070 Target 1.50 stop loss 1.5110
The turn lower from near 1.5 levels after the ISM figure also marked a failure to sustain above 1.5087 (61.8% of Apr-Jun rally).
Trade - Sell GBP/USD @ 1.5070 Target 1.50 stop loss 1.5110
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.