U.K Construction PMI Falls 52.1, GBPUSD Remains Lower To 1.2933

Forex construction 256848

The U.K Construction PMI Falls 52.1, from 52.9 missing forecast of 52.8 in the last month. This development should keep the GBPUSD under heavy pressure below the 1.3000 levels with a risk to the 1.2933 levels as suggested in our daily forecast.

According to the 1-hour chart, the pair already printed a new resistance at the 1.3010 levels, stability below this level on an hourly closing basis, will keep the pair under heavy pressure with a risk to the 1.2933 levels, a clear break below 1.2933 will aim the 1.2845 levels.

On the upside, an hourly closing above 1.3010 levels will turn the focus on the 1.3055 levels, above that level will challenge the 1.3115 levels.

Anyway, any corrective recovery is a selling opportunity…