Smaller than forecast construction decline bullish for GBPUSD
The pace of decline in UK construction sector moderated in November to its slowest since July. Will the GBPUSD continue rising?
The price chart on 1-hour timeframe shows GBPUSD: H1 is in uptrend. The price is rising above the 200-period moving average MA(200) which is rising. The RSI oscillator is above 50 level.
Technical Analysis Summary
| Order | Buy |
| Buy stop | Above 1.3009 |
| Stop loss | Below 1.2989 |