GBP/USD: SELL From 61.8% FIBO Level Resistance ISM News SHORT

3 oct 2022

GBP/USD Inside a Bearish Channel, in the last sessions, had a Retracement who reached today the 61.8% Fibonacci level in confluence with the Dynamic resistance by the trendline of the channel. Also, the Stochastic shows a Divergence with an overbought scenario, and the Ichimoku is still bearish. Today will be the release of ISM Manufacturing PMI, the level of a diffusion index based on surveyed purchasing managers in the manufacturing industry. Actually, the Forecast is under the previous value and this can have a bad impact on the market. We are looking for a bearish continuation in the direction of the primary trend.

3 oct 2022

Nota