GBPUSD Analysis: Smaller housing equity decline in UK bullish for GBPUSD

April 6, 2020

By IFCMarkets

Smaller housing equity decline in UK bullish for GBPUSD

Housing equity withdrawals decline slowed in Britain in last quarter of 2019: withdrawals declined to 5.1 billion Pounds after 6.0 billion Pound withdrawals in previous three months, when a 6.2 billion drop was forecast. This is bullish for GBPUSD.

IndicatorVALUESignal
RSINeutral
MACDBuy
Donchian ChannelBuy
MA(200)Buy
FractalsBuy
Parabolic SARBuy

 

Summary of technical analysis

OrderBuy
Buy stopAbove 1.2329
Stop lossBelow 1.2218

Market Analysis provided by IFCMarkets