This 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.
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.