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Technical Analysis GBPUSD : 2019-12-03

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?

GBPUSD rising above MA(200)

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

Buy stop Above 1.3009
Stop lossBelow 1.2989

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