The Sterling found buyers around 1.24060, but they have not moved price as the move looks like an anthill cast in the foreground of a mountain.
With very little buying power, we may see the GBPUSD continue with its downward move.
But, the charts will do the talking.
GBPUSD forecast for today.
We are still bearish.
Our target are 1.23774, 1.23107 and 1.22632
Potential trade areas may present themselves after a pull-back from 1.24855 or 1.25115
A strong pound will see price test the 1.25935 resistance level.
Today we expect the ISM Non-Manufacturing PMI data, and like the latest trend, the forecast figures are much lower than the previous results.
Anything happens, so be careful.
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