Gbpusd was trading in a rotated triangular pattern and the price was trading above the trendline both technicals are indicating a clear breakout. Strong confirmation.
Lets talk about Fundamentals
if we observe the data news of friday,
USD Flash manufacturing PMI Actual 49.3 Forecast 47.0 Previous 47.3
USD Flash services PMI Actual 53.8 Forecast 50.3 Previous 50.6
so it means data is positive for USD and the against pairs may drop....
On the other hand, If we observe GBP data news announced on friday...
GBP Flash manufacturing PMI Actual 48.0 Forecast 49.8 Previous 49.3
GBP Flash services PMI Acutal 52.8 Forecast 53.1 Previous 53.5
so it means negative data for GBP and the against pairs may rise.
According to Fundamentals & technicals , GBPUSD may drop 200 pips.
Lets see how market reacts.
Saibi_Fx
Lets talk about Fundamentals
if we observe the data news of friday,
USD Flash manufacturing PMI Actual 49.3 Forecast 47.0 Previous 47.3
USD Flash services PMI Actual 53.8 Forecast 50.3 Previous 50.6
so it means data is positive for USD and the against pairs may drop....
On the other hand, If we observe GBP data news announced on friday...
GBP Flash manufacturing PMI Actual 48.0 Forecast 49.8 Previous 49.3
GBP Flash services PMI Acutal 52.8 Forecast 53.1 Previous 53.5
so it means negative data for GBP and the against pairs may rise.
According to Fundamentals & technicals , GBPUSD may drop 200 pips.
Lets see how market reacts.
Saibi_Fx