The pair GBP/USD failed to fix above 1.31
The existing home sales data, as we expected, did not affect the mood of the market, but this time, the data were worse than forecast: 5.33 million vs. 5.45 million.
Today, the economic data is expected in favor of the dollar.
The manufacturing PMI is expected to grow from 52.0 to 52.1.
However, the pair GBP/USD can return to the range of 1.3060-1.3140. The medium-term trend is also downward.
How to trade binary
We would buy Put options if the pair GBP/USD falls below 1.3029. We would buy Call options if the pair rises above 1.3080.
Expiry time: 20:00 GMT