Gbopusd
The week that´s been (and the coming up) $GBPUSDThis last week the one of the major pair in the FX market had mixed behaviours due to the macroeconomic releases , the turmoil into the tory´s party, and the Brexit deal has been the mainly reasons.
The currency opened at $1.4004 and is closing in $1.3779 (-1.63% )
The week ahead the pound could against to fall given that the Tuesday it will be releasing the Manufacturing PMI of April (Pre:55.1, For:54.8), the ISM Manufacturing PMI (Pre:59.3, For:58.4). Perhaps the Construction PMI (For:50.4 ; 3.4 points more higher than the previous) and the Services PMI (For:53.5) boost the Pound for a few hours while the price come back to their bearish trend.
PD: The long position (2) (3) and (4) are possible entry points due their support prices based in technical analysis.
GBPUSD Pending buy at 1.42613Price is moving into the over sold region. We could see price turn and have bullish movement once in this over sold region. We have a pending order at 1.42613 with our stop loss at 1.420( just below support) and take profit at 1.43979(resistance).
