FxWirePro: GBP/USD range-bound, focus on UK construction PMI

GBP/USD trades a tight range in Asia, currently at 1.5308, with day's high at 1.5320 and lows at 1.5290.

• Buck generally stronger on the day as traders preferred to hold the US currency ahead of the key US employment report
   
• Short-Term momentum stoch's/RSI point lower, 20 day Bolli's expand, 5, 10 & 20 dma's head lower, momentum studies slip
   
• A weaker-than-expected UK manufacturing survey data (Tuesday) added to arguments for hold of BoE interest rates, further weighing on GBP
   
• GBP/USD is currently trading at 1.5308, with immediate resistance at 1.5352 (21-HMA) and support on the downside by 1.5300 (Daily Low Sep 1)
   
• UK construction PMI awaited, with the figure expected to stay well in expansion at 57.5, better than the previous 57.1 result

Resistance Levels:

R3: 1.5437 (100 HMA, High Aug 31)

R2: 1.5379 (Hourly Cloud Top)

R1: 1.5352 (21-HMA)

Support Levels:

S1: 1.5300 (Daily Low Sep 1)

S2: 1.5257 (Daily Low Jun 9)

S3: 1.5222 (Daily Low Jun 8)