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GBP News

This is a discussion on GBP News within the Analytics and News forums, part of the Trading Forum category; British manufacturing order books improved in May and output growth picked up pace, the Industrial Trends Survey from the Confederation ...

          
   
  1. #241
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    UK Manufacturing Order Books Improve In May: CBI

    British manufacturing order books improved in May and output growth picked up pace, the Industrial Trends Survey from the Confederation of British Industry showed Friday.

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  2. #242
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    GBPUSD remains in uptrend from 1.2365. As long as the pair is in the ascending price channel on 4-hour chart, the uptrend could be expected to continue and further rise to 1.3100 area is still possible. Near term support is at the bottom of the price channel, and the key support is at 1.2844, only a breakdown below this level will indicate that the upward movement had completed at 1.3047 already, then the following correction pullback could take price back into 1.2700 zone.


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