U.K Construction PMI Down At 44.4 In Dec GBPUSD Continues Falling

Forex 658984 e1580094840161

The U.K Construction PMI falls 44.4, from 45.3 in the preceding month. Missing forecast of 45.9 in the last month. This development keeps the pound under pressure and paves the way to 1.3060 levels. Below that level aims the 1.3000 levels.

On the upside, so far immediate resistance comes at 1.3098 levels ( broken support turned resistance). Only a sustained breakout above 1.3098 will invalid this view, otherwise; 1.3098 is likely to serve as resistance.

Support: 1.3098, 1.3175, 1.3230, 1.3285

Resistance: 1.3098, 1.3060, 1.3000, 1.2900