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 |
| Order | Sell |
| Buy stop | Below 1.2150 |
| Stop loss | Above 1.2224 |
Market Analysis provided by IFCMarkets