GBPUSD Analysis: House prices increase in UK bullish for GBPUSD

April 2, 2020

By IFCMarkets

House prices increase in UK bullish for GBPUSD

House Price Index rose in Britain in March: nationwide HPI rose 0.8% after 0.3% gain in February, when no change was expected. This is bullish for GBPUSD.

Indicator VALUE Signal
RSI Neutral
MACD Buy
Donchian Channel Buy
MA(200) Buy
Fractals Buy
Parabolic SAR Buy

Summary of technical analysis

Order Buy
Buy stop Above 1.2473
Stop loss Below 1.2375

Market Analysis provided by IFCMarkets