Monday, 4 January 2010

GBP/USD daily outlook:

The combination of candlesticks has formed “evening star” on daily chart which is the signal to downward movement. Current price of the pair 1.6077. The Manufactoring PMI today at 9:30 GMT. It is expected to go up to 52.1 points this time which will indicates industry expansion and it may be positive for the British currency.