# GBP/USD Range Setup (November 1, 2013) Source: https://www.tradersway.com/resources/market-info/gbp-usd-range-setup-november-1-2013/ Language: en Updated: 2013-11-01 Description: Explore GBP/USD Range Setup (November 1, 2013). GBP/USD is. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. GBP/USD is approaching the bottom of its range on the 1-hour time frame, and it just might reach that support level depending on the UK manufacturing PMI release. The report is projected to post a small decline, reflecting a slight downturn in the industry. If the decline is minimal or if the actual figure comes in stronger than expected, GBP/USD could hold above the 1.5950 minor psychological support and bottom of the range. Stochastic is moving up anyway, which suggests that there’s a stronger possibility of a rally instead of a drop. A bounce could last at least until the middle of the range, right around 1.6050. On the other hand, if the report comes in much worse than expected, GBP/USD could break below the 1.5950 mark trade until the next support zones at 1.5800 to 1.5850.![GBP/USD Range Setup (November 1, 2013)] *By Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/gbp-usd-range-setup-november-1-2013/#primary", "url": "https://www.tradersway.com/resources/market-info/gbp-usd-range-setup-november-1-2013/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/gbp-usd-range-setup-november-1-2013/", "headline": "GBP/USD Range Setup (November 1, 2013)", "inLanguage": "en", "datePublished": "2013-11-01T17:07:15+00:00", "dateModified": "2013-11-01T17:07:15+00:00", "articleSection": "Market Info", "description": "Explore GBP/USD Range Setup (November 1, 2013). GBP/USD is. 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