By IFCMarkets
UK building contraction accelerating bearish for GBPUSD
UK building activity fell for the fourth month in a row in September. Will the GBPUSD decline?
The price chart on 1-hour timeframe shows GBPUSD: H1 is in downtrend. The price is below the 200-period moving average MA(200) which is falling. And the RSI is above 50 level and hasn’t reached the overbought zone yet.
| Order | Sell |
| Sell stop | Below 1.2226 |
| Stop loss | Above 1.2249 |
Market Analysis provided by IFCMarkets