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1. Forex Report
(29-9-2018)
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2. FOREX
Forecasting GBP,
Overview:
GBPUSD is working on a natural part for the week as on the previous week we saw a sharp
pull in the prices it seems tough for prices to take a up move rather it feels that traders are
more interested to do short sell from higher prices.
Fundamental data also seems to be not supporting for the prices to take some positive
upside. Now the expectation is from the Service PMI & Manufacturing PMI which are
about to be released on 1st
Oct and 3rd
Oct respectively.
Moving on charts:
Support & Resistance
Analyzing on the day charts we can feel a strong support on 1.2900 bracket which could given a good
sustainability to the prices to lift up for 1.3200 and 1.3320 round the way to upside it becomes important
that the closing should not go below the 1.3100 brick.
Talking for the important levels on chart the initial resistance comes at 1.3150 and the next resistance
handle comes at 1.3280 in case of support handle initial support is at 1.2950 and 1.2800
Forex Data:
As the major release for GBP have been made for the week now we are upcoming only with the
Purchasing Manager Index of Manufacturing, releasing on 1st Oct and Purchasing Manager Index for
Services, releasing on 3rd Oct Which will be given a high volatility to the currency

3. Chart: GBPUSD
Currency Data
Oct Time Currency Detail
Mon Oct 1 7:30pm USD ISM Manufacturing PMI
Tue Oct 2 10:15pm USD Fed Chair Powell Speaks
Wed Oct 3 5:45pm USD ADP Non-Farm Employment Change
7:30pm USD ISM Non-Manufacturing PMI
Thu Oct 4 1:30am USD Fed Chair Powell Speaks
Fri Oct 5 6:00pm USD Average Hourly Earnings m/m
USD Non-Farm Employment Change
USD Unemployment Rate
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