Overall, GBP/USD is trending upwards. Recently, GBP/USD trended higher, breaking the resistance zone of 1.26000.
The UK Construction PMI data (Actual: 28.9, Forecast: 29.5, Previous: 8.2) released yesterday indicated that the construction sector in the UK is still in contraction.
GBP/USD’s next support zone is at 1.26000 and the next resistance zone is at 1.28000.
Look for short-term selling opportunities of GBP/USD up until the release of the U.S. jobs report at 2030 (SGT).
The UK Construction PMI data (Actual: 28.9, Forecast: 29.5, Previous: 8.2) released yesterday indicated that the construction sector in the UK is still in contraction.
GBP/USD’s next support zone is at 1.26000 and the next resistance zone is at 1.28000.
Look for short-term selling opportunities of GBP/USD up until the release of the U.S. jobs report at 2030 (SGT).
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