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It’s important to note here for this currency pair at least that over the past couple of days, yesterday’s manufacturing PMI, on Tuesday, May 3rd, and earlier today at 4:30AM Eastern US time, construction PMI, both of those pieces of data came out negative for the UK. Came out lower than the expected number. That’s bad news for the GBP. So, we would expect, with that negative news we’ve had over the past couple of days coming out of the UK, that that would be a bearish move for the GBPUSD.

[fxtradingforex]

How To Trade The News - Forex Update: Selling GBPUSD on a Retest into the Resistance Zone

How To Trade The News – Forex Update: Selling GBPUSD on a Retest into the Resistance Zone

  It’s important to note here for this currency pair at least that over the past couple of days, yesterday’s manufacturing PMI, on Tuesday, May 3rd, and earlier today at 4:30AM Eastern US time, construction PMI, both of those pieces of data came out negative for the UK. Came out lower than the expected number. That’s bad news for…

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[fxtradingforex]

How To Trade The News - Forex Update: Selling GBPUSD on a Retest into the Resistance Zone

How To Trade The News – Forex Update: Selling GBPUSD on a Retest into the Resistance Zone

  It’s important to note here for this currency pair at least that over the past couple of days, yesterday’s manufacturing PMI, on Tuesday, May 3rd, and earlier today at 4:30AM Eastern US time, construction PMI, both of those pieces of data came out negative for the UK. Came out lower than the expected number. That’s bad news for…

View On WordPress

[fxtradingforex]

How To Trade The News - Forex Update: Selling GBPUSD on a Retest into the Resistance Zone

How To Trade The News – Forex Update: Selling GBPUSD on a Retest into the Resistance Zone

It’s important to note here for this currency pair at least that over the past couple of days, yesterday’s manufacturing PMI, on Tuesday, May 3rd, and earlier today at 4:30AM Eastern US time, construction PMI, both of those pieces of data came out negative for the UK. Came out lower than the expected number. That’s bad news for the…

View On WordPress

[fxtradingforex]

How To Trade The News - Forex Update: Selling GBPUSD on a Retest into the Resistance Zone

How To Trade The News – Forex Update: Selling GBPUSD on a Retest into the Resistance Zone

It’s important to note here for this currency pair at least that over the past couple of days, yesterday’s manufacturing PMI, on Tuesday, May 3rd, and earlier today at 4:30AM Eastern US time, construction PMI, both of those pieces of data came out negative for the UK. Came out lower than the expected number. That’s bad news for the…

View On WordPress