Trading signals

GBP/USD

GBPUSD

UK Manufacturing and Services PMI came in better-than-expected. However, these figures failed to change the balance on the market. As a result, the pound remained deeply in the red.

 

The main scenario assumes a recovery move to the level 1.3090.

An alternative scenario is a decline to 1.3020.

 

Trading recommendations

 

A move above the level 1.3070 may lead to a rally towards 1.3090.

A break below 1.3050 will show room for further downside to 1.3020.