Macro approach:
- The pound slipped against the US dollar after soft PMI data pointed to a second straight monthly contraction in the UK economy.
- The downturn was led by the Services sector, which dragged the Composite PMI lower, while cooling price growth and a softening labour market eased inflation pressures.
- Sterling could stay under pressure as markets pare back expectations for further BoE tightening.
Technical approach:
- GBPUSD strongly declined toward the previous support at 1.3180 after breaking the previous support at 1.3310. The price is below both diverging bearish EMAs, indicating a potential for bearish continuation.
- If GBPUSD breaks below 1.3180, the price may plunge toward the next support at 1.3050.
- Conversely, staying above 1.3180 may prompt a retest of the immediate resistance at 1.3310.
Analysis by: Quoc Dat Tong, Senior Financial Markets Strategist at Exness
إخلاء المسؤولية: الآراء الواردة هنا تعبر فقط عن رأي الكاتب، ولا تمثل الموقف الرسمي لـ Followme. لا تتحمل Followme مسؤولية دقة أو اكتمال أو موثوقية المعلومات المُقدمة، ولا تتحمل مسؤولية أي إجراءات تُتخذ بناءً على المحتوى، ما لم يُنص على ذلك صراحةً كتابيًا.
اترك رسالتك الآن