FX.co ★ Forecast for GBP / USD pair on January 4, 2019

GBP / USD pair

Yesterday's correctional growth of the British pound took place against the background of a weakened Construction PMI, indicating the business activity in the construction sector. The December figure fell from 53.4 to 52.8. Perhaps the reason being is the quotation not reaching the resistance of the MACD line on the four-hour chart. Services PMI will be released this afternoon with the forecast of 50.7 against 50.4 in November, which will allow the price to work out the resistance before the final turn down with the release of US employment data. The forecast for the change in Non-Farm Employment is 179 thousand in December versus 155 thousand in November. Hence, the target levels for the coming days are 1.2485, 1.2400, 1.2300.