GBPUSD Analysis: GBPUSD falls as UK data is revised

May 1, 2020

By IFCMarkets

GBPUSD falls as UK data is revised

United Kingdom’s Manufacturing PMI was revised lower in April from a preliminary estimate: Markit revised its Manufacturing PMI to 32.6 in April 2020 from a preliminary estimate of 32.9. This is bearish for GBPUSD.

IndicatorVALUESignal
RSINeutral
MACDSell
Donchian ChannelSell
MA(200)Buy
FractalsSell
Parabolic SARSell

 

Summary of technical analysis

OrderSell
Buy stopBelow 1.2525
Stop lossAbove 1.2578

Market Analysis provided by IFCMarkets