Two important news event scheduled for tomorrow, Services PMI and Manufacturing PMI. In last few months both these survey reports have shown stable growth. However, after the Brexit Vote the sentiment turned bearish and as a result both reports are expected to decline and go in contraction mode.
From technical perspective GBPUSD remain range bound in last few days with 1.3480 to 1.3500 being supply zone and 1.2900 to 1.3015 remain valid demand zone. Price is currently in middle of range and as such better option would be to wait for price to hit either of these zones and observe price action and then initiate a trade accordingly.
From technical perspective GBPUSD remain range bound in last few days with 1.3480 to 1.3500 being supply zone and 1.2900 to 1.3015 remain valid demand zone. Price is currently in middle of range and as such better option would be to wait for price to hit either of these zones and observe price action and then initiate a trade accordingly.