The British pound gains positions against the dollar after the release of the UK PMI services, with a better-than-expected increase. However, the dynamic short term is bearish and the pair is likely to face the 1.5283 level, weekly pivot point level. If the pair closes the day above this level, it will be a good opportunity to buy it in the long term, to the levels of 1.55. However, we recommend to sell below 1.5283 with targets at the area, 1.5133 and below until 1.50. The chart shows that the momentum indicator generates a slight bullish signal, it should only be confirmed by overcoming the 1.53 level.
If you need personal consultation, Skype: gerardofx or contact me via e-mail: gerardo.porras@analytics.instaforex.com
