Overall, GBP/USD is trending downwards. Recently, GBP/USD has been ranging across around the resistance zone of 1.25000.
The UK Construction PMI data (Actual: 55.3, Forecast: 46.0, Previous: 28.9) released yesterday indicated a strong recovery in the construction sector from contraction to expansion.
Currently, GBP/USD is testing the resistance zone of 1.25000 and the next support zone is at 1.23000.
Look for buying opportunities of GBP/USD if it breaks the resistance zone of 1.25000.
The UK Construction PMI data (Actual: 55.3, Forecast: 46.0, Previous: 28.9) released yesterday indicated a strong recovery in the construction sector from contraction to expansion.
Currently, GBP/USD is testing the resistance zone of 1.25000 and the next support zone is at 1.23000.
Look for buying opportunities of GBP/USD if it breaks the resistance zone of 1.25000.
Free trading community: discord.gg/kPDXU2ZaDt