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GBP/USD Breaks Down Trendlines after Softer Manufacturing PMI

UK Manufacturing PMI in July fell to 55.4, which is the lowest on the year so far. Forecasts called for a reading around 57.2. The June reading was revised down to 57.2 from the original print of 57.5. 

The GBP/USD reacted by continuing its already persistent downtrend. The 4H chart does show that the soft data gave the decline an "OOMF" during the UK session.

GBP/USD 4H Chart:
When you look at the daily chart, you can see that the dip also broke below key rising trendlines formed in 2014, as well as the 100-day SMA. The RSI is dragged below 30 showing bearish momentum, but also showing some signs of being oversold in the short-term.
GBP/USD Daily Chart:

The breakout opens up the 1.67 lows from May/June. If there is a pullback, the 1.70 level could be key and should be monitored for resistance. 
The NFP is coming up.
Forecast - 230K
Previous - 288K
If the reading is above 250K, we might see USD-strength extend. This scenario favors GBP/USD continuing its dip toward 1.67 without much of a retracement.
A print below 200K could stall USD-strength. This scenario favors the GBP/USD finding some short-term consolidation, with upside risk limited to 1.70.