UK construction activity declined in October for the sixth consecutive month. Will the GBPUSD decline?
On 1-hour timeframe GBPUSD: H1 is in downtrend, above the 200-period moving average MA(200) which is levelling off. The RSI indicator is below 50 level but has not reached oversold zone.
Technical Analysis Summary
| Order | Sell |
| Sell stop | Below 1.2900 |
| Stop loss | Above 1.2920 |