The pound is stable. Data on the construction sector in the UK - Ester Holdings
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The pound is stable. Data on the construction sector in the UK

The British pound is stable against the US dollar, despite weak data on the construction sector in the UK.

  • According to the published data, the index of business activity in the construction sector fell to 47.0 in March, against the February value of 51.4.

Technical analysis: The GBP/USD pair maintains an uptrend in the short term. The nearest level of resistance is at 1.4105. Support levels are 1.4010, 1.3970.

Key recommendations: In case of further growth and fixing of the instrument price above the level of 1.4105, it is worth considering purchases with further growth to the levels of 1.4160, 1.4190. Purchases should be considered from levels 1,4010, 1,3970 subject to the formation of a candle reversal, with the potential for growth in these positions within 70 points. In addition, “Analysis of Japanese candles – the main candle models. ” is recommended for reading.

Fig. GBP/USD. The current price is $ 1.4080.

Alexander Sivtsov

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