By IFCMarkets
Contracting UK economy bearish for GBPUSD
UK gross domestic product contracted by 5.7% over year in March, the sharpest decline on record, after 0.2% growth in February. This is bearish for GBPUSD.
Indicator | VALUE | Signal |
---|---|---|
RSI | Neutral | |
MACD | Sell | |
Donchian Channel | Neutral | |
MA(200) | Sell | |
Fractals | Sell | |
Parabolic SAR | Sell |
Summary of technical analysis
Order | Sell |
Buy stop | Below 1.2150 |
Stop loss | Above 1.2224 |
Market Analysis provided by IFCMarkets