GBP/USD has fallen to a 2-month low on Tuesday helped by safe-haven interest in the US dollar and investors are now seeking nearest supports for the pair as they await positive-looking economic data from the US, due later in the day.
The pair is currently holding near the 38.2 percent Fibonacci retracement from its mid-May lows on the daily chart and a strong positive for the greenback could push it down to 1.535, as pointed by the 200-day SMA.
MACD oscillator also signals bearishness for the sterling but the 14-day RSI approaching its lower band may be taken seriously. Market is now looking forward to the key US consumer confidence data for November, which analysts expect to give better signals than October.
November construction PMI, house price numbers by Nationwide and Halifax are the British data scheduled for this week, with the first one due on Wednesday.