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GBPUSD69
GBPUSD69

GBPUSD higher after ISM non-manufacturing PMI. Technical analysis

GBPUSD Technical analysis

The pair has moved above the July high at 1.3371 and keeps trading higher. Weaker data out of the US, ISM non-manufacturing PMI down to 51.4 in August, lowest in 6 years, is pushing the dollar lower and the GBPUSD higher the price moved above the 1.3400 level. Today’s break was a bit more convincing. Look for the 1.3373 high from yesterday to find support buyers.

Next Resistance for the pair at 1.3428 and 1.3455

The pair is trading well above the 100H Moving Average. All moving averages are bullish now for GBP

 

Find out How to Draw Trend Lines

 

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