Quotes from UniCredit Research:
-Looking at our UK data forecasts for PMI (manufacturing and service) and industrial and manufacturing production, we are likely to be confronted with a rather mixed bag next week. Hence, cable will probably be entirely exposed to US data releases next week.
-While a somewhat disappointing ISM index should provide the cross with some relief potential, a solid employment report may exert strong selling pressure towards the next technical support zone at 1.5875 on the back of a still heavy downside momentum.
The material has been provided by InstaForex Company – www.instaforex.com