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GBP/USD Trading - US ISM Non-Manufacturing PMI - 06 Sep 2016

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GBP/USD Trading - US ISM Non-Manufacturing PMI - 06 Sep 2016
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The British pound gained 80 points after the publication of the UK Services PMI data.

British Services PMI rose from 47.4 to 52.9, so the cable could add almost 80 points. But the strengthening of the pound was short-lived.

Today the US will present data on the ISM Non-Manufacturing PMI for August.

The ISM Non-Manufacturing PMI is projected to decline from 55.5 to 55.0. These are the main news that is worth to pay attention today.

How to trade binary

The pair GBP/USD may continue the upward moving if it overcomes the noise range of 1.3327 - 1.3366. We would buy call options if the pair GBP/USD rises above 1.3366. We would buy put options if the pair falls below 1.3302.

Expiry time: 20:00 GMT

Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. He has no business nor personal relationships with any mentioned government entities or stocks. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion.

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