Cozfx: In the Asian session, at GMT0300, the pair is trading at 1.6099, with the GBP trading flat from yesterday’s close. For the 24 hours to 23:00 GMT, GBP fall 0.20% against the USD and closed at 1.6097.

In the United Kingdom, services Purchasing Managers’ Index (PMI) on a seasonally adjusted basis slipped to 52.2 in September, from 53.7 in August.

Technically, GBP/USD is predicted to find its first resistance at 1.6130, and a rose through might take it to the next resistance line of 1.6162. Also, the currency pair is predicted to find support at 1.6068 and a fell through might take it to the next support point of 1.6036.

Trading trends in the pair in short term are predicted to be determined by the publish of Bank of England (BoE) interest rate decision and Asset Purchase Target, which are predicted to remain the same.

Coz Forex UK