GBPUSD Daily chart - 1st October. Manufacturing PMI figure came out this morning lower than expected - so the figure has been dropping steadily throughout 2014. (see chart attached for more info). So looking at the GBPUSD chart on Daily you will notice that the overall trend is still very much pointed lower. The indicator box on the right hand-side is still predominately red - therefore our bias intraday for trading opportunities should still be with long term sentiment which is for further lows. Take a look at GBP crosses to see what this mornings news has created......
Posted on: Wed, 01 Oct 2014 08:44:06 +0000
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